Post by: newshunter on November 18, 2021, 07:01:24 AM
Binance CEO Changpeng Zhao shed new light on the exchange’s compliance roadmap and its users’ take on KYC so far.
Source: CZ reveals how many users left Binance after mandatory KYC (https://cointelegraph.com/news/cz-reveals-how-many-users-left-binance-after-mandatory-kyc)
Would appreciate your opinion about this
Post by: TomPluz on November 18, 2021, 09:23:29 AM
There is no question about it that many people especially traders and crypto holders got a high trust on Binance and CZ and that is why the trading platform just lost around 3% of its users since the KYC requirements are changed. I am sure that even CZ is himself surprised of this outcome because they might have been expecting some fallouts from the KYC modifications. This is good news for Binance and can be bad news for its many competitions. Anyway, I think that as long as you dealing with a centralized exchange, KYC is already imperative.