For reasons undisclosed, I’m wondering what yall think of the recent mandates from some crypto exchanges to put every user through some type of KYC (Know Your Customer) compliance check. Basically running an identity verification check on customers before letting them transact. Do you think it’ll be a net gain for the space? Net loss? Curious as to why or why not.
Context - Binance Makes KYC Mandatory For New Users | Crypto Briefing
Please don't do it for Kucoin..