The KYC requirement in many ICO projects has been the bone of contention of many investors and supporters with many thinking and feeling that this is not needed as this is the industry that proposes decentralization, anonymity and privacy. However, a project can argue that it is the law that requires them to know their customers and they are in fact just following the regulation. The problem is that KYC is not a guarantee that a project can never go down the coffin and run with the investors' money...maybe travelling to the "moon" and have an indefinite vacation in there until the victims can forget their misfortune of trusting them.
Now, if these project owners can require us to undergo the KYC process...should it not be rational that they themselves submit to the same so that we can be sure that we are dealing with real people with real address?
So far, no campaign of the ICO project has given a link to a specific law and has not pointed to excerpts from it, which would give them the right to demand from headhunters to be tested by KYC. We need to start with this. If they cannot bring their claim legally, then it should be considered illegal, because it violates our right to privacy of the individual. Checking the KYC of the ICO teams themselves will not give us anything, they may also not provide their data, as many bounty hunters do. The ICO teams should be checked by authorized state bodies. Only they can conduct a quality check and protect us from fraudulent ICO projects.