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.
Doing KYC will screen-out those people coming from the restricted country as we have many countries that banned this technology and to identify the legality of your costumers that they are not involve in illegal activities or money laundering.