When you buy BTC on an exchange and then want to send it to another address but they block your transaction, call you on the phone, make you confirm your name, birth date, address, and verbal confirmation of the address you are sending it to and that you understand what you're doing prior to allowing the transaction...

Wouldn't they be logging this information and using it for some form of reporting to some other organization? Because I know they sure as fuck don't actually care about the safety of your assets. Is it for liability? "You can't complain about us if you lose it because you gave confirmation" type of thing?