Quote from: TGD on June 01, 2018, 02:55:43 PM

Quote from: altcoinanalyst1 on June 01, 2018, 02:47:04 PM

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.

That is, the above confirms that for the participants in the ICO generosity campaign, and in particular for the signatory campaign participants, the KYC verification should not be conducted at all. We are neither investors nor participants of the ICO campaign in the sense of an established ban on participation in the ICO of some of its citizens, such as the US and China. This ban was introduced to prevent material losses of these citizens due to the risky investment of their funds in the ICO.