When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
I think kyc makes investors hesitate because of privacy issue. Though some legit programs ask for it, then it is also a much better way to determine a fake and legit project. Kyc really is a two way system which benefit and give a bad impression on new investors.