Initial coin offering has been quickly emerging as the new fund-raising method being used for launching a business. Recently we have seen the requirements of KYC for ICOs are increasing. And many investors are not supporting it. I want to know why exactly do ICOs need the requirements of KYC.
There are country has strict rules about the ICO thats why its needed , for example some country ban ICO so if you are citizen of that country you cannot join the ICO and KYC is the way to confirm that you are not living there.