Sure. I don’t mind KYC, as long as it can be complied with. If you introduce something like the New York Bitlicense, it is very bad for everyone. Because businesses would rather just block an entire country or state than to through the trouble of complying with strict regulations themselves.

As an American living abroad, I find it very difficult to find an exchange that will accept US citizens [without a residential address in the US]. Binance, FTX, Coinbase and many others do not want to deal with US KYC or at least the passport because of the strict compliance that the United States requires fintechs to follow there.

On the other hand, there are wallets where you can buy/sell crypto where it is quite easy to complete KYC. That is how simple the process should be.

I’ll give you another example in LocalBitcoins. Some people do not like it because it is hard to complete the live interview KYC, but it operates in the US and almost all countries. So at least there is the possibility of at least using the platform for buying/selling Bitcoins.

Of course, people living in countries such as Iran should use Bisq and other decentralized exchanges to buy/sell their Bitcoins, as complete country sanctioning is not good and I do not like that at all. Because it inhibits people from using Bitcoins and other crypto.