Isn't this likely to happen with BTC?
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Very important question
They're already beginning by banning so called "high AML risk coins" and coin-joined coins. If you have a non KYC stack you'll also have to explain your cost bases when you try to sell on a CEX. It's easy to see that in a few years only fully 100% confidence KYCd coins will be permitted.
This is probably coming for Liquid BTC next. Don't use the CEXes guys.