KYC benefits crypto users because that's the only way for them to make their money legit when they want to cash out, no bank will accept this money without the KYC process done properly.
This is a simple and normal process to counter money laundering
Yeah. I got your point my friend. But whatever happens to the spirit of decentralization which is the very nature of bitcoin and decentralized crypto currencies. Somehow I agree but there is also a part of me that is not in favor of KYC. KYC becomes a common trend after many scammers and lawless elements taking advantage on this system.