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.
KYC is mainly for fiat trading. I think you can trade crypto to crypto, but not sure for newbies if that is the case. I will go into the telegram or slack later and find out if New members MUST do KYC to trade on COSS for crypto to crypto or not. I wish crypto to crypto trading would remain without KYC, but maybe laws in Singapore are more stricter than other countries? I will try in any case to find out so then will let you know what the answer is to that.
As I know, KYC needed there for deposit and withdraw tokens. I registered there, but when saw, that they want KYC I closed this exchange.