It was a quick notice, just went to check my Polo account myself saw the Terms of Service were updated a few days ago and came on here to check out what was going on.
2000 for a name seems ok for now but as others mentioned when the process really begins then we will see how those fake alias really work out I guess we will need to wait a while to see how far KYC/AML will be pushed.

According to the open letter checks start at $7000 per 24 hours

https://poloniex.com/press-releases/2015.05.19-Open-Letter

Starting on May 21, 2015, we will require your name and country for all withdrawals. To withdraw more than $2,000.00 USD equivalent within 24 hours, we will require your address and phone number. It is only if you need to withdraw more than $7,000.00 USD equivalent in a 24-hour period that we will require identity verification such as your social security number or photo ID. We are taking these measures to protect ourselves and you from potential criminal activity that could force a shutdown of our services

they will ask for just name and country or we will need to submit documents to verify those details

They require ID to withdraw huge amounts of money. While you might think you will never be in a position to withdraw that much money, you might find a worthless alt you hold suddenly gets pumped. If you have given a false name, and you get a sudden windfall from a pumped alt you will be unable to withdraw your profit quickly.

It'll likely be like poker sites. If you submit incorrect/fake information, then when you have to do the REAL verification, they'll lock the account as that means the account was hacked (i.e., you aren't the original owner, who was "Mast Erbaiter").

Well said.

Now we need the guy behind Moolah to put in a bid to purchase Poloniex and its death will be complete.

Regulation defeats the entire purpose of a decentralized currency.

Thanks for clearing that up. I just thought that doing some withdraws every now and then without an obvious pattern could actually help someone withdraw without complying to verification process. The case is, only Poloniex sees the inside activity in the exchange and not the FinCEN. If FinCEN could actually see something beyond their (Poloniex) system, then it would be very difficult to move out funds and deposit some for trading. I don't think Poloniex would raise an alert to FinCEN if ever someone did some little withdraws without an obvious pattern just to move out funds without submitting to the verification process. Idk, but if Poloniex is really compliant to the KYC/AML regulations, then they will set the bell ringing in case something that I have stated actually happened.

What country doesn't have KYC laws or something akin to it? That's the question.

How can you not care? Bitcoin's value is determined by the free market, so you'd need to have a large userbase actually using BTC as a currency, to even have a sustainable price(If the userbase doesn't grow, it will shrink as people lose interest)

I think Crypto-trade was hosted in Hong Kong.
But there should be a number of countries where you could set up shop.
Even in countries with KYC laws, it should be perfectly legal to have crypto exchange. Since there is no FIAT involed it cannot be used for money laundering per say.

Do you have any facts to back up what you just said about large userbase = sustainable price?
I don't think gold is used by everyday people yet the value is quite high, wouldn't you agree?