In what way will there be KYC?
There is a video about the KYC and they're plans on the Electroneum Facebook page.
In short they are integrating Yoti(a KYC service) with the wallet and it will be mandatory in a month or so.
This is indeed great news!
No, its NOT great news. Stop lying to the people. Nobody wants to do KYC just to use a crypto. This is just going to kill ETN. There is no way this will be mass adopted now. Nobody outside ETN will bother to do KYC just to use ETN, let alone people outside of the crypto world. This is a HUGE step back. Stop deceiving people telling them this is great news, all the contrary. Why did you hard fork from monero then?.
The ridiculous excuse for using KYC is that "big companies will make deals with ETN" "more partnerships" blah blah blah... but you are missing the most important part... PEOPLE WONT FILL KYC TO USE ETN. At least nobody outside ETN community will bother. Stop lying to your investors telling them this is a huge step towards mass adoption, it is not!.
You raised 40 million dollars and your blockchain is still slow and with many bugs. Just take a look at the ETN forums and channels, transactions are taking hours and even days. What a shitshow.