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KuCoin is going full KYC starting july 15.

Over time, all centralized exchanges will do this. The future is with DEX. KYC is incompatible with bitcoin in its concept. Privacy and anonymity, I do not intend to go through the KYC procedure on any exchanges.

Slowly but surely the SEC is threatening or shutting down exchanges and services that don’t comply with their policies. This is going to bring an end to a lot of cool projects, but it will also level the playing field for those looking to start legitimate businesses. Personally I liked Bitcoin more before the regulation when cool services were everywhere, but this seems a necessary development in order for Bitcoin to thrive.

And what is the fundamental difference between a project clamped by KYC procedures and a fiat system? First you stop being anonymous, then you stop being able to use the "wrong" bitcoins, then you lose the right to use real bitcoins on the bitcoin blockchain and can only manage ersatz bitcoins in the accounts of a centralized intermediary.

The value of bitcoin lies in its decentralization. I do not need a similar centralized project; instead of a similar centralized project, I can use dollars.

The exchange KYC procedure refers to the beneficial ownership clause. KYC system must be enabled by your KYC system to guard against anonymity when opening an account at an exchange.
Making fiat money with bitcoin is 'wrong' because currently the bitcoin investment system is locked in itself.

BTC Hold on , Not Sell......