I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I honestly can't believe that most people are saying that KYC should only be for bigs whales, wether a ICO does KYC depends on the country in which it is incorporated in!!!
and most likely if KYC is required in a country only wealthy investors are able to invest in thus project. so for all those arguing that it should only be for big whales you aren't technically supposed to be participating in the project if they do KYC still again this mostly depends on the country in which the project is incorporated and which countries they restrict from participating.
Research you laws, wow.