When the coins are there, it is the exchange's money and they can easily take it away. Exchange's reputation is all based on what they actually do with this money; are they executing due diligence in protecting their clients and the assets under their control?
The title of my post won't change: Do Not Keep your tokens in KuCoin Exchange for a long term!
Your are giving a bigger scope of the same advise by not trusting any Exchange for a long term. You are right.
Thank you for passing by.
I like your views here, it's very well said. Keep in mind, as Dave said, crypto is a very murky area for rules and regulations.
We've been seeing a lot of companies being forced to perform KYC on their customers in recent years, when sometime back, we were used to be able to do things without any KYC. Localbitcoins, Bitpay, exchanges, etc are all examples of services we've seen over the years change due to regulations.
Exchanges right now are not fully regulated, and something as niche as delisting of an asset needs much clearer rules like:
How much notice must be given?
What is needed for a token to be delisted, can any token just get randomly delisted?
How does this need to be communicated to the customers?
I'd agree with the Dave on this - such a dodgy market means things like "90 days to collect your funds" gets by.