Topic: IDEX is complying to KYC and other regulations - page 4. (Read 1369 times)
hmm this is a step backwards, We expect DEX to be the future, decentralized, secure. Why do we have to use a DEX while it is no different from a CEX.
If IDEX requires KYC then It's no better than centralized exchange, Centralized exchange at least are better provider of liquidity. I guess I'd have to use something that truly is a DEX, Currently leaning towards AtomicDEX, I hope it wouldn't disappoint me.
I think that now you should not look for some kind of good decentralized exchange. It is best to trade on a centralized exchange. good decentralized exchanges will appear only in a few years I read the announcement yesterday and I was shocked. I have known idex to be a semi-decentralized exchange but I didn't know it will get to these full centralized qualities. The question that begs for answer remains if cryptocurrency is gradually getting forced into centralization
It is hard to accept for some traders who likely enjoying the service being semi-decentralized exchange. In my own opinion it would be easier for them not to accept regulations for the dignity of the members in the community.
If IDEX requires KYC then It's no better than centralized exchange, Centralized exchange at least are better provider of liquidity. I guess I'd have to use something that truly is a DEX, Currently leaning towards AtomicDEX, I hope it wouldn't disappoint me.
Somehow i think for exchanges that wanted to go long run, implementing kyc is unavoid-able imo
This is because Fraud are using these tech to scam people, but without regulations, it is hard to protect most users
Hence, at some point, i believe regulations exist for reason
This is because Fraud are using these tech to scam people, but without regulations, it is hard to protect most users
Hence, at some point, i believe regulations exist for reason
I am not in any way surprised if any decentralized exchange asks for kYC in the long run. Truth is, as long as the government becomes interested in cryptocurrency, then soon many projects will have to follow compliance and have to be regulated
I believe the current situation with cryptocurrency and goverments relationship will make all "DEX" comply to the regulations and at the end it will leave those exchanges that actually care about privacy and stay true to the definition of dex
I read the announcement yesterday and I was shocked. I have known idex to be a semi-decentralized exchange but I didn't know it will get to these full centralized qualities. The question that begs for answer remains if cryptocurrency is gradually getting forced into centralization
It is hard to accept for some traders who likely enjoying the service being semi-decentralized exchange. In my own opinion it would be easier for them not to accept regulations for the dignity of the members in the community.That is the worse thing. IDEX's conversion into a centralized exchange is not just their loss but a win of the government regulators. It is sad that IDEX has to bid good bye as a DEX not out of their willful choice but because they are compelled to do so. Well, it is for their continuous operation.
IDEX has been my choice ever since EtherDelta went astray. I have been using centralized exchanges mostly for now. I cannot say which DEX I will be shifting in case I need one.
If this is true, then it is a big blow to idex. They shouldn't be called a dex anymore.
yes this news is true they really complying KYC. I've visited their twitter account and many traders don't like the new regulation. I think IDEX will slowly to fall. 
Obviously any decentralized exchange complying to KYC is no longer fit to be called a DEX. When I first saw the info about IDEX starting KYC soon, I thought it was a prank until I confirmed the info.
or maybe the developer plans to make IDEX an exchange like binance that has their own dex and centralized. it's possible if they plan more than we do.
Regulations will be the killers of DEXs. And as these regulations expand, we will see different crypto than before.
IDAX was useful as a DEX, but I do not think it will continue good as a centralized exchange.
IDAX was useful as a DEX, but I do not think it will continue good as a centralized exchange.
Obviously any decentralized exchange complying to KYC is no longer fit to be called a DEX. When I first saw the info about IDEX starting KYC soon, I thought it was a prank until I confirmed the info.
Regulations will be the killers of DEXs. And as these regulations expand, we will see different crypto than before.
IDAX was useful as a DEX, but I do not think it will continue good as a centralized exchange.
Yeah , how can they compete with other centralized exchanges such as binance or bitfinex? Why do I need to go through kyc on idex, if by completing it on binance I can get many times more features and functionality for trading? I think this decision will have a negative effect on their business.IDAX was useful as a DEX, but I do not think it will continue good as a centralized exchange.
I am not in any way surprised if any decentralized exchange asks for kYC in the long run. Truth is, as long as the government becomes interested in cryptocurrency, then soon many projects will have to follow compliance and have to be regulated
I just read this, I see they don't seem to deserve to be called decentralization, because it uses KYC for all users, but I will read deeper sometimes we just read the title without reading the contents of the explanation, if indeed it happens to all users I think they can't be called DEX anymore
If this is true, then it is a big blow to idex. They shouldn't be called a dex anymore.
yes this news is true they really complying KYC. I've visited their twitter account and many traders don't like the new regulation. I think IDEX will slowly to fall.
It shouldn't ask unless you try to withdraw funds more than certain amount of USD. Forkdelta isn't asking KYC and this is the only so far that I knew. The new ones today are doing all these KYC even when they were doing campaigns yet. It doesn't make sense anymore calling them DEX anymore but I guess its all for the label now. Project like Eterbase exchange seem not asking for KYC too I tried to register last night though, they are not considered DEX and so I guess it could change one day.
Nice move from switchdex.
But if we are talking about IDEX, they most likely dont have a choice, they did not want to pay huge amount of money to settle with SEC . This would not be the first time.
This shows how regulations is suffocating dex exchanges . To be honest, I think that SEC is absolutely stupid to go after tokens as securities , old farts enforcing century old law on new technology.
But if we are talking about IDEX, they most likely dont have a choice, they did not want to pay huge amount of money to settle with SEC . This would not be the first time.
This shows how regulations is suffocating dex exchanges . To be honest, I think that SEC is absolutely stupid to go after tokens as securities , old farts enforcing century old law on new technology.
It was my favorite decentralized exchange, I am very sorry that it will die because of KYC. I hope they can still do something about it.
no wonder, probably again the new requirements of the regulator, so that US users do not have to ban
I never use Idex until and unless I don't have any other option. Otherwise forkdelta is my go to Dex.
If this is true, then it is a big blow to idex. They shouldn't be called a dex anymore.
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