It's something impossible for me if OTC bevomes DEX.
But having an exchange without KYC is something amazing and I think DEX can something solve it.
If you could exchange your crypto assets with other participants between different blockchains directly and trustless what should be the most important for you?
For me, the important is the KYC. There are lot of exchange nowadays or even before that has some problem with KYC, that's why some users are afraid to use centralized exchange, afraid their funds to be locked. Although there can be some reason why some exchange have this, especially in some jurisdiction matters. But having an exchange without KYC is something amazing and I think DEX can something solve it.
Thanks for your KYS vision!
We tend to support KYC and privacy.
3. we could opensource the project and it could move without any KYC and contributed by any verified participant (we are not oriented for non-profit, so it is only for exception).
Anyway assets of both sides of exchange under their control on any step of a deal. More details in project branch.
We trying to find real feedback from hodlers and investors who interested in OTC DeFi development.
KYC is needed by most brokers/entities for AML law compliance. And big dealers with volume 1000+ BTC are interested in safety so they use services from professional licensed companies and brokers.
The only way to provide correctly regulated service with top privacy build it in strong legal jurisdiction with the fastest growing blockchain and crypto laws framework in Switzerland. So we do.
KYC is needed by regulators for proof of source of your funds and hope it's legal
then everything works without any limits. Privacy is guaranteed by Swiss providers 100%. Info could be disclosured only if you breaking Swiss laws and only as part of the investigation.So it is real to use regulated environment and save privacy.