Quote from: BarryCrypto on June 14, 2018, 04:41:10 AM

KYC, AML and CFT are a way for companies to protect themselves from legal consequences. If the company engages in AML by selling tokens to the wrong person the company could be shut down, so they need to prove where funds are coming from and who has contributed or received tokens.

This is true as govt of that country may ask them to provide the proof to the people they have sold the coins and their identity so it compulsory for them to have it. But on the other hand investor may not know how their data can be misused like how FB has done and violated the rules by leaking the data and thus if investors feel its not secure or do not know about that ICO or exchange where KYC needs to be done then kindly ignore it and do not submit the KYC.