KYC are done to prevent members of some countries from participating in ICO because it is illegal over there. Does your country permit you to participate in ICO?
Not yet officially legal but still people are using cryptocurrency fully without any control , as we can see that lots of countries are taking new new descion and making new new rules over bitcoin to use by the people.
But there are lots of countries who are investigating bitcoin yet and not understanding the actual thing with it , and in present time they are asking for the tax to pay for the work that what they are doing right now with cryptocurrency .
So a type of hype us going on in the cryptocurrency market where people are in confusion and thinking that whether they will find cryptocurrency in future with perfect legalization or just they will remain between the legal and illegal announcement .
Here condion of cryptocurrency is between the legalisation and ban both , few people are saying it will be legal and few are saying it will be ban soon .
But here people are totally attention less over the legalization of cryptocurrency and using it blindly until they hear about the official ban of cryptocurrency .