Its becoming a nuisance. I honestly got into crypto and i think others too got into crypto because it offers an attractive feature which is or was privacy/ anonymity. But now, we are or they are causing us to submit our identity just because we wanna get involve in projects. these issues of kyc is mind disturbing. its known that people can raise funds to do illegal works through ico, but what if they also collect and use user's documents to also do their illegal works. it could implicate people in crimes they know nothing about.

a simple example could be someone gets hold of the passport of like a korean and prints it then goes off to commit a crime in the city where the korean lives. at the crime scene, he then drops the printed passport. the police would need to invite the korean and if he doesnt have an alibi to prove he is innocent, he is gone. this KYC is heartily disturbing.

its a trade off between money and privacy
https://steemit.com/crypto/@yomarve/kyc-a-trade-off-between-money-and-anonymity