I think the incessant regulations tend to compel exchanges to include mandatory KYC verifications, ordinarily that would be a good move to ensure users' legitimate use, but it defeats decentralization which is the very essence of Crypto. Additionally some regions are restricted from using certain exchanges so they'd prefer non mandatory KYC exchanges, perhaps that's why Bitget isn't facing such crackdowns since it is non mandatory-KYC platform, and maybe ticks the boxes for Aussies
