I've been researching several ICO / IDO platform like Coinlist, Polkstarter and Pools Finance. Despite them being supposedly WEB3 company offering Initial DEX Offering that doesn't accept FIAT at all, why is KYC so prevalent there? Even some platform does not allow USA citizen to participate but still they need KYC. How safe it is to do KYC with them? What about Blockpass?
I'm not entirely opposed to KYC, i get it for CEX since they deal with your bank and FIAT to transfer and withdraw money, but why on DEX also?
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