I think KYC is becoming increasingly important for the blockchain and everyone seem to take it very seriously I just hope the process wouldn't be as tedious
Its not bad to have kyc. My only wish is that the team should not misuse the data.
I believe the team are reputable and would not indulge in any activity that has the potential to tarnish their image. Dolling out kyc of individuals would be very reckless of them and as such they won't do it.
yeah a lot of projects that fail may use the KYC that the member pass for other reason, and they may use it in illegal action (hopefully not). But for BCNEX, i best regard that all of information will be confidential.