KYC policy aims to prevent and detect money laundering, terrorism financing, fraud, and other financial crimes.
Most Money involved in money laundering are in banks. Bitcoin and other cryptocurrencies have not been created before money laundering and terrorists have been existing. All these are still existing on KYC exchanges, but they are hidden until they are known. There are still fraud on KYC exchanges.
Now, after spelling out the importance and the problems of KYC, do you see Bitunix's new trading option as its solution, or do you think there may be a better approach to solving the problems of KYC? Also, it's possible you don't see KYC as a problem at all because of how crucial it is , just state whatever your thoughts on the KYC policy are.
Thank you
If this is about an exchange called Bitunix, you can move this to exchange board.