Decentralized cryptocurrency exchange IDEX has announced its new users will be obliged to pass the KYC verification process.
IDEX is a hybrid, "semi-decentralized exchange" that provides a trustless, real-time, high-throughput trading experience in conjunction with the blockchain-based settlement, notes the project's white paper.
Exchange's representative, Alex Wearn, states DEX will initiate limiting access to certain assets for U.S. customers in the coming weeks.
"The support of our community has been vital to us from the start, so it’s our goal that the rollout of KYC and the changes to our available assets for U.S. customers will cause as little disruption as possible to the community’s trading and withdrawals," states the official announcement.
However, it seems that not everyone feels comfortable with such a decision.
> "DEX"
— Shinhye (@ShinhyeXBT) July 17, 2019
> KYC
what a joke you are
Earlier iHodl reported that Binance DEX, a decentralized features-based exchange, which is developed on top of Binance Chain announced it would ban U.S. residents and users from other 28 jurisdictions, including Belarus, the Crimea region of Ukraine and Venezuela starting in July, according to the exchange's Terms of Service.
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