KYC are done to prevent members of some countries from participating in ICO because it is illegal over there. Does your country permit you to participate in ICO?
As of now, there is a linkage between the government and cryptocurrency in my country. The government wants to regulate cryptocurrency so that many people will get an access to this technology. Aside from that, the current administration wants to eliminate the fraud and scam using cryptocurrency. I am glad to the current news in my country because it boosts the confidence of the crypto enthusiasts like me.