But not all are afraid of the KCY verification and they are willing to submit their file and documents just to pass their KYC verification.
When we're talking about the volume which we know decentralized exchanges have a poor on it because many people are using the centralized one due to their feature that you can all support.
I like this idea if many traders will transfer to DEXs since CEXs are most regulated by now and we can see, bye-bye centralized exchange platform.
Indeed, the KYC issue cannot be underestimated,
1miau made a thread about the dangers of KYC. however, if we want to use dex, the problem is, difficult for us to withdraw fiat money. If we are seeing good bye to CEX. I don't know how it is in your country, but here, there are very few reliable P2P services crypto to fiat. But, on the other hand, using KYC on a state-operated CEX, the only solution for Fiat, may be that we need to do KYC for exchanges that are already government-licensed. although back on there is no guarantee of the security of our data.
