In current world scenario I think all major countries where people can afford to transact through Cryptos having good technical staff in their centralised chain of finance for having knowledge of the fact that in future they might loose their hold on the finance and thus on the name of regulations they are not letting projects to let their users having transactions with KYC to avoid money laundering but in fact they want to have an eye on the crypto ecosystem so they can assess when its time to ban it.

But many projects and upcoming projects hard for them to assess the transactions are being made just under their seats...

I simply love the way #DeFi of the future is believed to be bright and motive of the Bitcoin will be serve the purpose in nearby future by using it in incognito mode.. and keeping it really private.