With SEC rules coming down on CryptoCurrency and everyone involved, its important for everyone to Verify Residency. Also, its to protect traders on the exchange.
It is not only about SEC is also about the central banks and the governing policies of the country; take AML for example; that is to do with crime and finance. It is a whole regulatory organization building up now and not only limited to SEC.
Right. And I think it's positive for crypto in future. It will help in keeping crypto clean and not like what we think it is. I mean crypto used by mafia mostly.