Cryptocurrency Echange IDEX has adopted KYC protocol

Ethereum based cryptocurrency exchange IDEX has adopted the know-your-customer (KYC) protocol after last week’s trading session. Since last Friday, all users need to complete KYC verification by creating an account in order to trade cryptocurrencies. The exchange received massive criticism after the initial announcement back in 2018. Most of the criticism directed at the decision came from privacy advocates. They believed that through KYC exchanges were prying in on private client information. Regardless, it is uncertain what KYC might hold for IDEX. Although it does make a platform more secure, it is sure to scare away many privacy-focused customers and