KYC is really needed to reduce fraudulent ICO. And not only for investors there is a need to know about the authenticity of the team, as well as for us bounty hunters when choosing a company to work. In general, everyone benefits from this.
It will not stop fake ICO projects, Nowadays KYC can be easily fake by buying fake documents in the black market. The only way to prove the authenticity of the team members is to do a Video with the whole team and explaning and sharing their company. this is the best way to check if the team members are legit or not.