Every thing is fine. KYC was planned from the start. Compliance is crucial and will give Coss huge advantage over other non compliant exchanges in the future.
Advantage? Its a joke? I registered there and want to trade... but than seen, that they have KYC and closed this exchange. KYC on exchange - its full absurd! Even Binance (top1 exchange) dont requied KYC, and this small exchange want KYC from people.
Binance also required KYC if you want to withraw more than 2 btc a day you need to upgrade to lvl 2 security.
Today only decentralised exchange doesn't asks for identity and with all laws KYC will be soon everywhere it's just a matter of time