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.
It's a way of helping the government who has already have control over all our fiat holdings. Now once again through KYC we're requesting the governments to take control of our funds. There is no need of KYC, when KYC is done automatically data will be secured and the decentralized functioning will start to get changed to a centralized platform.
Remember the black money doesn't means earned from illegal way,if someone don't want to pay tax for all the money they were making then it will be considered as illegal on the eyes of governments.
When we do KYC all our origin of funds will be noticed so we can get tracked if needed.