It IS preposterous that a medium whose rally-call has been anonymity for years, requires KYC rules. Run from any which require it, that's our advice.
Since your a cryptocurrency guy, here's our most recent post in case you're interested in Zilliqa...
https://steemit.com/cryptocurrency/@harpooninvestor/zilliqa-zil-the-new-and-improved-ethereum-of-singapore-yawn