I do not know what is the reason for this decision, most likely pressure from the government, there is no other explanation...
In principle, if it does not pass, then the daily withdrawal volume will be $ 5000, which is enough for most traders, because there are few large traders on this exchange.
Now I understand that decentralized exchanges even if only with cryptocurrencies have to compile with AML (anti money laundering) restrictions and that is why one has to fulfill KYC to be able to withdraw more as 5000$ in 24 hours period. I wasn't aware of that but looks like a standard in these times.
We have to start to talk again about Bitsend because the price is going down every day and actually lost almost 97% from the ATH.
I want to change the subject and ask Bitsend community about the actual development of this coin? Is there any development actually and what is the further roadmap if there is any?
Is the team active here on Bitcointalk or any other social media channel? Are there any plans for the Bitsend future?