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.
KYC compliance can help the project in many ways, for example
-, KYC compliance will help the project to reach a larger global audience
-, KYC compliance will help projects to register coins or tokens on some exchange "exchanges are beginning to exclude coins or tokens that didn't properly implement KYC processes"
-, KYC compliance can help the project to obey the regulations