Exactly so. Some platforms have tiers for traders -- the more money (fiat, that is) you want to move around, the more authentication you have to provide.
As usual, the governments inconvenience honest people to capture the small minority who are crooks and cheaters.
To be fair, if you're truly an honest person, the minor inconvenience for preventing the financing of terrorism shouldn't really concern you.
I see both sides, as a person who doesn't want to share all of my personal information on the internet, and as a person who agrees that institutions have a responsibility to prevent financing of terrorism where possible.
It's unfortunate that we live in a world where so many crooks and cheaters thrive, and the innocent are the ones who frequently suffer the most.
Oh, I agree! But the more you spread your ID around, the more chances it can be stolen or misused.