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.
Because they make sure the one who buying their tokens is a legal person and not in the banned ICO area (usually an ICO have a country restricted for buying their ICO).
So that's why it's need, but if you want to have the tokens wtihout KYC, you can do bounty. Usually bounties doesn't need KYC for receiving the tokens.