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 countries that are strictly requiring KYC for every crypto transactions and there are that are not. Sad to say that some developers are using it as an excuse not to pay the investors or the bounty participants who cant provide the necessary requirements while some claim that it is to avoid money laundering.