KUCoin has decided to force KYC for every of it's users.
In an attempt to remain as one of the most trustworthy and transparent exchanges in operation, KuCoin will start enforcing KYC checks on users. This measure is to ensure KuCoin remains compliant with the developing regulations in the crypto industry.
Forcing KYC was the one of the reason for once number one exchange Bitrex to move down to 7th position at current time.
KUCoin is not even in top 30. What will be the effect of such move be on the exchange and cryptocurrency overall?
https://news.kucoin.com/en/kucoin-will-enforce-kyc-for-users/Well it can't be help because the higher ups instruct them to conduct KYC so that if there will be scam or anything else they could just easy check the user's profile. But still it sucks to let others know your identity because there were alot of cases that a website being breached by something and they can easily collect data of several users.