What happened to local bitcoin trading site..do to the sudden implementation of KYC procedure regular traders getting shocked with the limitation of LBC trading... already we facing various issues from government sides, then the sudden KYC implementation gives negativity so the traders are decreases day by day. Finally the KYC procedure not user friendly, If we produce the right id proofs then also getting rejected. If it continues we dont no what happen to LBC next?
When i start trade with Bittrex there is no KYC there and now you have to verify your self before start trading otherwise you are not eligible for trade. And the most important thing is many crypto exchange want now KYC and there is no doubt upcoming exchange also will want KYC. They are doing this many reason and one of the main reason is security. We can't do nothing about it. Just deal with it.