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
very clearly indeed KYC helps ICO to be more secure, unlike some cases of ICO without KYC and now become scam,
we must be carefully for choose ICO.