Why some ICO required KYC?

[malinda92]

Because after ICO Tokens Can be buy anyone without submitting any KYC 
Totally confusing this process 

[penig]

It is because the parent companies need to show where they obtained their funds from and verify its not come from illegal activities.  Once listed that burden technically shifts to the exchanges, or individuals to be responsible.

[Red-Apple]

there are a lot of ways for making money one method is to steal other people's identity and documents and sell it on the dark market. these ICOs are currently gathering cryptocurrency users information and creating a database from them which then they will sell elsewhere and make some money from doing so.

[malinda92]

It is because the parent companies need to show where they obtained their funds from and verify its not come from illegal activities.  Once listed that burden technically shifts to the exchanges, or individuals to be responsible.

Really thankful to you for give me answer penig

another question; if we submitted to our identity via KYC process, is there have any risk to leak our personal details ?  

[malinda92]

there are a lot of ways for making money one method is to steal other people's identity and documents and sell it on the dark market. these ICOs are currently gathering cryptocurrency users information and creating a database from them which then they will sell elsewhere and make some money from doing so.

Seriously ?   
So Most of people already lost their identity on the internet. this is really bad to hear

[Suharti12]

I do not think KYC should be too useful, and maybe KYC just to make sure the identity or also to keep the double account from participating in their bounty.

[cedrixperez]

Some reason is in preventing bounty hunters from multiple accounts they required KYC for legit accounts I hate passing KYC because i think this is risky thing how about if they use it in scamming and your identity they will be used and you don't know that you're will be punished by something that you didn't made.

[sirkings0003]

Because after ICO Tokens Can be buy anyone without submitting any KYC 
Totally confusing this process 

KYC= Know Your Customer is one of the criteria signed by the ICO initiator companies during their registrations. Apart from the need to comply with the regulators, the companies need to stand clean before any jurisdiction. If the ICO is over, the whole burden of KYC is lifted off their shoulders and then to the exchanges.

[rizkypurwati]

Because after ICO Tokens Can be buy anyone without submitting any KYC 
Totally confusing this process 

KYC= Know Your Customer is one of the criteria signed by the ICO initiator companies during their registrations. Apart from the need to comply with the regulators, the companies need to stand clean before any jurisdiction. If the ICO is over, the whole burden of KYC is lifted off their shoulders and then to the exchanges.

This rule is useful to avoid bad things, in addition to preventing financial abuse KYC also ensure the security of investors. staying safe and comfortable in investing is mutually beneficial

[Cootie]

Because after ICO Tokens Can be buy anyone without submitting any KYC 
Totally confusing this process 

In my opinion, to increase security and reputation of a token, they require know-your-client kyc process to ensure that a person has no legal liabilities and also to avoid scams, because through kyc, the token maker knows who are their token holders and with that, they can easily track suspicious holders. And the identity usage is limited to that or else they might violate some laws. So there's nothing to worry about kyc process.

[Lounadolcy]

Is a new way to protect projects, especially new ones from the paralyzing and ensure continuity of work, which makes it more serious and to know the owners of the largest amount of tokens .

[sakuragi21]

because maybe if they put the kyc to get to know the people and for that it might not have been that other people because other people used the other transaction for the second time they get the token they bought

[Lucas Riley]

I think it's primarily to keep the regulatory bodies from going after them first. I think this year it's quite likely we will see a bit of a clamp down on the ICO that are following no best practices whatsoever. I think they will go for the low hanging fruit first so I think this is a case of ICO's trying to add some form of standardisation to their procedures

[BingoDog]

I don't think this is confusing. Regulations are becoming more and more strict and nayone who wants to run legitimate business needs to stick to those regulations and rules. Maybe clinets don't like that process very much but in fact it's necessary and it protects the final users and provides better service.

[Nahl]

maybe the devs want fair distributions that with required KYC for every investors this is could be avoid to abusing cheating especially for airdrop program however indeed sometimes we're fear with submitting our KYC for the particular ICO project because possibly our personal ID will be misused but i personally don't mind to submitting my KYC as long as those project is legit

[John Joseph Mago]

Its because the ICO needs to know their costumers so they can avoid spams,cheaters on refferal programs or on airdrops even bounty programs. This will let ICO more secure and legit.

[potatocorner]

I don't think this is confusing. Regulations are becoming more and more strict and nayone who wants to run legitimate business needs to stick to those regulations and rules. Maybe clinets don't like that process very much but in fact it's necessary and it protects the final users and provides better service.

KYC is required to some ICOs because this is the way of assuring of the workers on the bounty that they are true and existing people, of course these ICOs don't want to put their money on waste. Well, it is just my opinion based on observations because I once have joined a bounty campaign that required KYC. It is annoying at the first place, but you will understand why later on.

[bongnor531]

The ICOs that do not require KYC you should avoid. Those are scams (or at least the possibility is very high).
The ICO organiser companies can be established in many locations around the world (most popular is the US, UK, Russia and crypto heavens like Estonia or Switzerland). There is one common thing in these countries: the regulation requires KYC in case of crowd-funding.
On the other hand, none of the biggest exchanges will list any coins which did not have KYC during the ICO. (same reason: regulation).

[squatz1]

This is due to regulations on a country by country basis, depending on where they're starting their ICO. I know in the US anyone who is starting is an ICO is required to KYC or Know Your Customer, which pretty much means they're going to have to collect some data on people so just in case the regulators want to audit / know what's going on they're going to be able to get the data with ease.

Makes sense as most people aren't going to report ICO earnings which they without a doubt have to do.

[Xester]

Because after ICO Tokens Can be buy anyone without submitting any KYC 
Totally confusing this process 

The reason why ICO's are requiring KYC is because when they register to launch their coin the Securities and Exchange are requiring them to comply with KYC and AML regulations. Thus they are asking people to comply with the requirements but after the ICO when their coins entered the exchange KYC is no longer needed. But if you buy at their website KYC is still required.