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[Pmalek]

This is an important information.  Thanks for sharing.
Do you have more details about it? I use it a lot and always co sidered kyc free. I was going to use it in the future to dump my remaining eth. Not anymore I guess

Here is an official link from Uniswap with some more information about Hooks in general:
https://developers.uniswap.org/docs/protocols/v4/concepts/hooks

An article I found says pretty much the same as zasad@ did. The KYC hook is an optional feature. Liquidity providers can choose to use it or not. For example, if laws in certain jurisdictions require them to perform KYC, they can do that.

[CCECash]

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[TryNinja]

Decentralized exchanges like Uniswap have already introduced KYC capabilities in Uniswap v4.
This is implemented via the "Hooks" mechanism, allowing a developer to create a liquidity pool and attach a "KYC hook" to it. This hook checks whether the user holds a specific KYC-NFT verification token in their wallet - a token obtained after completing the KYC process through a third-party service. I haven't encountered this in practice yet, but it will likely be implemented soon.

That's a big step from the previous frontend-only verification (which was easily bypassable).

So now your wallet will need to hold a NFT token linking your real identity to your on chain activity (e.g all your balances and transactions). That... doesn't sound good?

[BitMaxz]

This is an important information.  Thanks for sharing.
Do you have more details about it? I use it a lot and always co sidered kyc free. I was going to use it in the future to dump my remaining eth. Not anymore I guess

I believe this is simply their way of expanding their business to other countries because we have different jurisdictions. If KYC is required in your country where you live, you have the option of providing it just to pass the AML policies.

As Tryninja mentioned earlier, you can easily bypass them since Uniswap seems to be giving you two options if you want to share your data or not.

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[zasad@]

Decentralized exchanges like Uniswap have already introduced KYC capabilities in Uniswap v4.
This is implemented via the "Hooks" mechanism, allowing a developer to create a liquidity pool and attach a "KYC hook" to it. This hook checks whether the user holds a specific KYC-NFT verification token in their wallet - a token obtained after completing the KYC process through a third-party service. I haven't encountered this in practice yet, but it will likely be implemented soon.

This is an important information.  Thanks for sharing.
Do you have more details about it? I use it a lot and always co sidered kyc free. I was going to use it in the future to dump my remaining eth. Not anymore I guess

You don't need to worry about KYC on Uniswap right now. All pools on the Uniswap v1-3 protocol operate without KYC.
You can also use a bridge
https://app.rango.exchange/
But you should do this with caution on your main wallets. I use intermediate wallets for such bridges. This frees me from having to monitor the permissions I've granted to smart contracts. But bridges have a drawback: your transactions are not anonymous, and any analyst can track them because all smart contract addresses are known to everyone.

[Faisal2202]

It looks similar to our local exchange here in my country, even though Binance in practice is different here in my country. This policy is forced on every user asking about the name of the sender or where they came from. Even if the sender are inside on the same platform, you still forced to fill and complete the details about the sender; according to them, it is part of AML policies and taxes, but I have never experienced this on Binance, even if they told us about these details, or maybe it depends on where you live.

Actually, it is a hassle compared to big exchanges like Binance and OKX. I never experience asking for the sender's name and address. If I don't know the name of the sender and address, I'm sure my funds will likely be stuck forever on this platform.

They ask when they can't trace the transaction back to its origin. They have asked me almost two times. That's why I said before, Binance is not like any strict platform that follows every single rule or policy for every single transaction. Even if they have made it their policy, they raise such concerns for transactions they fail to understand and ask for clarification. Every time they ask, they give you around 2 weeks of time.

You can give any sender's name, they do not cross check. But the major problem is when they give your data to the authorities and the authorities are corrupt. That's why I don't like the idea. If they took full responsibility for our personal information, like how much we hold, then a large number of people would still be using them.

Recently, a wrench attack network targeted a victim who was a winner of a Binance trading competition. He gave a complete interview about what happened. In short, he won, someone tipped that information to the network, and the network had this rule. They pretended to be authorities, and they offered 30% to 40% to every victim if they would give them details about someone else who was also making a lot of money from trading or crypto.

Well, someone gave them his name and took that commission. This victim was also offered the same commission to name someone else, but he broke the chain. He openly shared everything. He lost $600k that day.

Source

[bitmover]

But you should do this with caution on your main wallets. I use intermediate wallets for such bridges. This frees me from having to monitor the permissions I've granted to smart contracts. But bridges have a drawback: your transactions are not anonymous, and any analyst can track them because all smart contract addresses are known to everyone.

I usually search jumper to bridge.

What do you mean by caution? Privacy or security? Both?

Sometimes using a decentralized exchange requires to much attention and some knowledge, using an instant exchange such as  ccecash is much more faster and convenient (and cheaper sometimes)

[ZAINmalik75]

I believe this is simply their way of expanding their business to other countries because we have different jurisdictions. If KYC is required in your country where you live, you have the option of providing it just to pass the AML policies.

As Tryninja mentioned earlier, you can easily bypass them since Uniswap seems to be giving you two options if you want to share your data or not.

Yes, this Hook KYC feature is for LPs. If someone has a liquidity pool and they have used the Hook feature, then anyone who wants to swap from that pool has to get the KYC NFT first. If their wallet has none, then they will not be able to trade.

The LPs are still modular. You can trade in any pool you want, but confirm before swapping if you are swapping in a Hooked one or a free one where they won't check the NFT automatically. It is a basic smart contract feature that runs automatically, so I don't think Bitmover has to rush into selling his ETH just because of this tool.

But it has proved one thing. Centralization is really getting to where we once used to say it would.