This has been one of the pressing issues which needs to be addressed. All bounty managers must state at the start of their Bounty program whether there will be KYC or not. Some KYC requires passport and not every bounty hunter travels across the globe. In the end, most bounty hunters suffer losses as their tokens are not paid to them due to failure of meeting KYC requirements. This is not fair.
By many unscrupulous ICO teams, KYC was largely seen as an opportunity to avoid paying bounty hunters the tokens they earned. For this, KYC was announced a considerable time after the ICO and for a short time. Only a few participants in the ICO bounty campaigns could find out about the time spent on KYC, and without this, the earned tokens were not paid to them.
Also, many ICO teams drew up vague and conflicting questions in KYC, made various failures in their KYC programs, or simply announced that KYC was not passed without explaining the reasons.
It should be noted that since June, binding FATF recommendations have come into force, according to which KYC is carried out only to prevent money laundering and combat the financing of terrorism. Bounty hunters are not required to undergo KYC as they do not invest their money and cannot be suspected of committing these crimes.
In addition, KYC is carried out if the transaction amount exceeds one thousand euros.