How can someone somewhere in the name of ICO project team, whom you don't even know, some without a verifiable office address, whose presence is just online and the internet, demand your sensitive information including your international passport, government issued ID, proof of your residential address, and other personal information or documents?
this is a question that I asked myself days ago, but this problem can be created by ourselves, why do I say that? because we accept to deliver documents to a site that does not have a license, nobody asks the creators of ICOs if they have any document issued by the government that allows them to do such a business. Look this:
[ANN][ICO] MJC (module joint coin) - Payment Solution From Ecommerce to ATMa thread that has 25 pages and you can realize that nobody cares to ask if they have any document issued by the government that allow them to make such a business
I just saw the thread. But I think most people hardly ask if the ICO has a government issued document because it may not be regulated by the government. I just feel this KYC of a thing shouldn't be allowed in cryptocurrency. It may expose some persons to security risks and target for hacks or even blackmail. Everything should be anonymous.