The decentralized nature of cryptocurrency seems not be effective when it comes to investing in cryptocurrency, seeing that investors in most cases are asked to do KYC, bounty hunters inclusive.
I do not think investors should be compelled or made to do KYC by submitting their personal data and documents, because project initiators do not stand any risk of losing their money. Rather project initiators or developers should be made to do KYC, in order to gain the trust of investors, who want to invest in their projects.
This is necessary because we have seen cases of scam ICOs, which have made investors to lose trust in a lot of them. So to gain the trust back, we would need to know whom we are giving our money to as investors.
I think they are not forced upon you at all. I mean yeah there are some projects that require those things but they are not forcing you to join them, so if you see KYC in some funding than don't put your money in those things.
However, it is good and cool for projects to do that because it shows they are legit and really taking this seriously, I have seen in my time ICO's that was so much scam that the "team members" section was the same guy with fake mustache and all that and also seen one ICO where after it was funded dude changed the website to say "penis" and that's it, all money was gone. So, when you have these professional people who require KYC and so forth to go along with the government and register there you know they are a decent company to say the least.