There needs to be some more improvements in this industry to allow people to have privacy and experience the advantages that would otherwise only be available with KYC. It can be difficult or be too expensive to use methods which do not require KYC. This often takes too much effort and makes people not want to embrace this new financial system.

Many might not qualify for KYC even if was a last resort. This is why there needs to be more of a focus on privacy and not so much regulation. A lot of the services that are help with non KYC take advantage of the user for convenience.

I'm still trying to get the gist of it. Understanding Privacy is a little complicated since the procedure has to be followed properly to have true privacy.