What does the team mean by the token standard being ERC20 + KYC?

All ERC20 functions are available in the smart contract. This makes our token compatible with nearly all wallets currently on the market. In addition, the contract includes custom functions to require whitelisting — KYC tokens can be received by anyone, but the token holder who sends the token must be whitelisted. The token holder becomes whitelisted by going through the PASS Verify process which is a basic KYC process.