KYC has hardly brought us any benefit, as most KYC projects still do not have any tokens or off-the-shelf products that are already on the market. This means that even if we participate in the KYC project, we are not likely to be 100% profitable.
I agree with that, KYC is just another risk for us, since we are oblige to give our personal detail.
I really don't understand why some really needs to push that KYC, when if it started trading in exchanges, one can buy it without KYC.
What's the use, I know it's government requirement, but government did not analyze that well?
Yes, it's a risk and I personally doesn't see the need for it. However, some trusted platforms really do need to ask just to be sure that they are working with good actors so I guess its really up to us to decide whether we wanted to submit documents ore just pass and go on the next trading platform. I'm sure that government wanted it to see how some people are moving their money for tax purposes.