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In August, Finance made significant changes to the trading rules that prohibit unverified users from trading on the exchange. Starting from August, all new participants must pass KYC during registration, and restrictions for trading have been introduced for existing participants and they can only withdraw their coins from the exchange or undergo verification.
If you are talking about Binance then they recently told to verify your account or move out from the exchange. I am thinking what to make of this situation and whether i wanted to verify everything and even if i do so, will they be safe guarding my privacy is a big concern as you never know when these details will be exposed in the dark web.