KYC is necessary to defend people and their investments. For ex., it could be bounty participants where KYC helps to avoid multi-accounts. Also it could be ICO participants (for ex., to avoid buying all tokens with several investors).
there are many purpose for using KYC.even in a bank they use this methode too to consider the money source their clients.and also they can prevent money that come from criminal flow.
Probably for investors, the requirement KYC is justified, but for simple bountyhunters, I think this is superfluous. After all, they simply do their work, and do not launder illegal incomes.
Exactly, and I do not like the bounty asking the KYC bounty hunter.
Bounty hunters do their job and must be rewarded. They do not fraud or money laundering as you say. I think they ask for KYC and will sell that information for profit