Keeping up with KYC/AML in DeFi — A futile exercise?

It feels like every other week there's a new jurisdiction or a fresh set of guidelines regarding KYC/AML for anyone touching crypto, let alone operating in DeFi. The goalposts just keep moving. Are we really seeing effective compliance implementation in decentralized protocols, or is it more of a 'best effort' at this stage, constantly playing catch-up? Sometimes it feels like we're just building more elaborate sandcastles against a rising tide of regulation.