Post
Topic
Board Bitcoin Discussion
Re: Should We Avoid US Based Exchanges Now?
by
XCANA
on 21/12/2020, 12:16:27 UTC
Avoiding US based exchanges won't be the solution. Bitfinex, for example, is based in Hong Kong, nevertheless its customers have to pass KYC. Don't want to deal with it? Avoid centralized exchanges. 
Basically everywhere in cryptocurrency exchanges will soon be bent for a compulsory KYC becasue the recent regulatory news https://public-inspection.federalregister.gov/2020-28437.pdf, though this will give option for anyone to switch from centralized exchange to a decentralized exchnage.