Well if the projects needs to verify their customer regarding the LAW then it will be undergo in KYC because we've seen that a lot of people abusing the projects that have a potential to grow and they need a proof of some investors that the people in their projects are true and not just like dummy or fantasy.
maybe kyc be prevention solution for developers team from cheaters or investors that using money from crime action.i am sure this kyc will bring positive progress in future if suddenly local regulator need this.