KYC benefits government,KYC benefits scammersKYC benefit site owners to cheat or sieze our fund in the name of TOS and much more but it doesn't benefit the people who were completing it.
Actually the existence of KYC can also be useful to prevent large funds laundering by scammers by using the cryptocurrency method. and also as an election so that people are more careful in doing kyc not carelessly
It will fall under the category of benefiting the government right?
But for doing the KYC no benefits can be taken for ourself even which harm the community or society.