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I think KYC wont be needed,but according to FAQ,participants from United States of America, Canada, China, Singapore and some other countries wont be able to join the sale.

Is that going to be a problem,from fund raising pov,as thats big part of the market that will have to stay out during ICO?

Why wont participants from those countries be able to join the sale?

Those countries have strong policies that restrict crypto movement so that's the main part. Hope some those things will change. Didn't I just read somewhere that South Korea will be loosening their crypto regulations?

Actually, what they announced is that they will loosen the grip on ICOs themselves.

so there is some restriction who can be in ICO?

I think maybe China and/or US, but not sure

Participants from United States of America, Canada, China, Singapore wont be able to join sale.Thats directly from their webpage about who who cant join sale.

Still, plenty of countries left where Xchangerate robot project can find investors, so I'm sure there won't be any problem attracting then to invest.

what if they buy somehow?

Am sure there won't be any issue with regards that... Its just to state they abide by the rules...