A nice and educating write up buddy. The reason why i said its educating is that though i do hear about the KYC and AML but i dont really know much about it because its was not really my discipline. Seeing your post i needed to go and do more research on the subject matter so that i can understand it thoroughly.
So concerning your post, i must applaud you have really gave a good opinion but looking at crypto, i believe it is already regulated it will also be great if the KYC and AML is introduced to the crypto world.