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 required by some ICOs because it is a way for them to know who their costumer and investors are. I believe that it is important for them to avoid duplication of accounts for bounty hunters and to secure the identity of their costumers. It is just for security purposes and I see nothing wrong with it.