The problem I have with KYC in ICO is that a lot of these projects are scams. Lets use the recent Hashcard ICO scam for a example.
They ran away with over $4mill which isn't good, but on top of that they have all the investors KYC information.
So what protection does the investor have against their personal information being used by a scamming ICO?
Until there's a regulating authority for ICOs ,then KYC should not be required for the safety of personal data to the investors.
This news information about Hashcard is very disturbing because it portray the crypto environment in a bad light. I think the KYC concept negate the principle of anonymity of in the blockchain technology world. It should be eradicated totally in all ramifications.