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 is is the only way for the ico to determine their investors and in this way, ico's can determine if there will be an illegal transactions that is happening behind their own project.