Crypto Exchange Poloniex Drops KYC

Currently, several exchanges have introduced costly know-your-customer (KYC) rules to improve compliance with regulatory requirements. However, Poloniex is making a turn in the opposite direction as it has been found that non-verified customers can trade on the platform. Poloniex proposed that existing non-verified customers would not be frozen in the coming months, but would be upgraded to level 1. This level will have privileges such as unlimited trading, unlimited deposits.

Source: Cryptopotato:
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