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?
I saw it coming. All Exchange are beginning to go the way of kyc. Even though we're not happy with it, we have no choice. It has huge volume and so much traders there. They lost funds of recent so they asked for it. Looks like our documents will be everywhere in the next 1 year.