is true i think is not good, because cryptocurency is anonymous, bitcoin and majority all altcoin not need verified ID
ethereum is same not need verified ID, and iconomi coin create coin use ethereum token
Understand your concern, but to be fair, their target is definitely not the "typical crypto guy".
The people they try to get into crypto are traditionnal VC investors / old-economy whales, who are used to securities and regulated assets.
Not only those people don't care about giving their ID before investing, they actually find that reassuring that the platform they invest on seems legit by enforcing KYC.