KYC in itself isn't always absolutely a horrific idea. It does save you some fraud and adds some other layer of security but nevertheless relies upon if the alternate is trustworthy enough. KYC should assist retrieve coins despatched to wrong cope with, on exchanges that implements KYC too could use these details to fix some problems. but, despite the fact that tax isn't always also a terrible aspect (for the reason that it's miles essential to have regulation enforcement and peace and order), I do also disagree on government's warm eyes on cryptocurrencies, in particular now that they'd seen its capability, it simply looks as if they just need to take advantage of these grounds.