If we look at how things go, then people officially should only have to verify themselves (with ID scans and such) if they end up going to trade/deposit/withdraw fiat funds.
they mentioned bitfinex's verification system. in their case, there is no verification to trade against fiat currencies. only deposit/withdrawal require it.
If you just make use of digital assets, then at worst case, they would require verification in text form (name, last name, address, telephone number).
i think this is what most people are hoping. basic KYC information (unverified by actual documents) and maybe SMS verification. honestly, i don't see how they could expect to operate any other way. if they require documents from everyone, customers will be crying all over the internet that they can't withdrawal. the exchange doesn't want that.
They identity verification of tens of thousand members alone may take several months. What do you guys think?
Hundreds of thousands even, btc-e had over 1m user accounts and it only takes 10% of those not to be duplicates and/or inactive
many people had multiple accounts, and mt4 accounts as well. i really wonder how these accounts will be dealt with. what a shitshow...