Here, of course, a double opinion about KYC. On the one hand, this is good for the project from the point of view of legislation, on the other hand, not every person wants his personal confidential information to be used somewhere. I am more against KYC than for him
It actually depends on the project and yourself as an individual. These days as a result of some regulatory policies, so many projects are required to conduct KYC, what is important is to try and make sure that the project you are investing in is legit and you have nothing to worry about your data being sold to the black market.
Yeah, we have heard of some cases before in which KYCs were collected and sold on the dark market. For the most part, if you are not comfortable with KYC, just wait for them to get listed on an exchange and if it is a project you believe in its long term growth, then go for it.