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.
yes, we cannot see this debate on one side only. There are many different perspectives and arguments about KYC in crypto, I personally agree with the Kyc issue but it must be effective. Why? because the problem is that people don't accept KYC due to privacy issues, many who sell privacy data on BlackMarket make them worry. But as long as the platform they use is trustworthy and has good experience in handling users, I don't think it's a problem with the Kyc.
And we remain anonymous because the platform we use will never give our data to the public. If they spread to the public it means they have violated TOS and our privacy, so you can sue them.