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 just an attempt in compliance to regulations and nothing serious, it's minimizing perpetrating of funds illegally, most of the ICOs make their contributors pass through Kyc because they don't want to risk litigation