the reason other exchanges ask for your information is because they have to. because they operate in countries in which their governments require it like the USA etc. This is why velox bolt will be off shore and not require KYC. This is why Velox Bolt will be huge. NO id, No limits, giving privacy back to the traders.
So where will Velox work? This is interesting to me. What about the countries in which there are no regulations on cryptocurrencies in there also full freedom on the stock exchange is possible after verification.
In simple words, there are two type of exchanges, Centralized and Decentralized. Velox exchange is decentralized exchange that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users with peer to peer. The power of the BoltSwap open-source wallet eliminates third party exchanging, with no account or information required. In other work, Velox doesn't need licence in any country, so one will control it, think of etherdelta.