When ICO's collect your KYC docs, is that it? What do they do with them, just hold on to them for record keeping or are they required to process them some how?
probably just record keeping should any authorities what some information on a user...
In my opinion, it is useful as information about buyers or investors in an ICO, and it could someday be a reference material for investors, to prevent crime
I agree certain projects require this information but for bounty hunters getting less than 100 dollars...KYC makes no sense in this case tbh