Because after ICO Tokens Can be buy anyone without submitting any KYC
Totally confusing this process

Know Your Customer of KYC is really annoying for me. Aside from providing them with your private info, you also need to give your ID or any identification like passport and national Id in which be very vurnerable for fraud. Some ICOs requires KYC because they want to make sure that their investors are not from particular country in which they are not allowed to participate.