Why do some projects do KYC for bounty? Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs? Are there jurisdictions which would require bounty to have KYC? This is not a token sale after all.
Its a good way to eliminate duplicate entries, scammers, etc.. Project team claims this when they go for KYC especially for bounty hunters.
Using KYC checks to prevent bounty hunters from using multiple accounts illegally. Such an inspection should be carried out only with the aim of preventing cases of dirty money laundering and combating the financing of terrorism. Since the conduct of such an inspection is connected with a violation of the rights of citizens to the confidentiality of the person, it cannot be used in cases not provided by law. Now, after the FATF recommendations of June 21, throughout the year most states will be required to adopt their own internal laws, which will also include cases of KYC inspections. Regulation of this issue will be much better than the absence of any regulation.