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
Totally agree with you. KYC checks should be carried out only for investors. And even not everyone, but only those who buy tokens for large sums. This will be in accordance with the general rule that such an inspection is conducted only for the purpose of preventing the laundering of dirty money and the fight against the financing of terrorism.
In this regard, conducting a KYC check for bounty hunters is completely illegal, because we do not buy tokens in the process of participating in the ICO bounty campaigns. The KYC check after the end of the ICO looks especially wild, it can definitely be called fraud by the ICO team.