So what you're saying is that the people using said anonymous exchange in way of p2p or some other form of anonymous decentralization would be subject to targeting by the government all the more making aware of it's own people that they are owned like slaves to the system? Once enough people come to that realization they will become non complaint and rebel against such control. Using currency like the dollar you can just walk up to the store pay for your items and walk away, no showing ID or having to prove who you are in anyway and that is freedom, you earn your money and it is yours to do what you want with it. Slaves don't own anything not even money so if you allow a system to step in and do a KYC you are submitting to that slavery. Some would argue that it helps to secure your money and I would say let it be an option but not imposed on everyone else but i digress to get back what I was saying, decentralized exchanges are coming and the ones who do it right will come out on top. If you think it would be impossible for a full functional exchange that is trust less, decentralized, anonymous to be created well all I have to say is who is Satoshi Nakamoto... does anyone know? Will the real Satoshi please stand up? No it's not Craig Wright he doesn't talk like he has the same vision, maybe Hal Finney, David Kleiman or perhaps Nick Szabo? It would seem Satoshi doesn't want to be found and up until now hes done a great job in keeping his anonymity. If the government could find him you would here about it on the news because he would be in jail or dead. My point is that it took one man with a vision to make a world altering change that gave value back to the peoples hands and not some bs printed paper that degrades every year because they keep printing more and more. If you allow any group/government/person to take that control away from you, it will not be worth anything because that's the point. You will have a few people with most the value and the rest left with deflation. When they figure out how to control crypto currency another system will come out to replace it for the very same reason why btc came out to replace printed inflated paper. Now I know not everyone has the same vision, some want a gov control crypto and they should have that and let the people pick what system to use with no interruptions, control, threat and so on. It's just my cents, I'm not asking you to agree with me.