Importance Of KYC Compliance For An ICO

The incorporation of KYC in the ICO world is because of true incidents because

many investors and ICOs have suffered and many crypto scams worth millions of

dollars have already occurred. Due to lack of proper regulatory measures and

policies, fraudsters from both the investment and the ICO side have taken

advantage of this loophole and this has resulted in some serious scams and money

laundering using the ICO system. Any investor found undertaking money

laundering activities will put all the involved entities to the investigation, including the ICO issuer. This narrows all the way to Anti Money Laundering (AML), which

is one of the basic requirements ofKYC.