No KYC exchange accounts: Poloniex now allows users to own level 1 accounts without KYC

Crypto trading platform Poloniex now allows users to possess a level account on the exchange without the need for going through KYC procedures. These no KYC exchange accounts have certain restrictions on their usage. No KYC exchange accounts In the last few years regulation regarding the crypto industry has been improving and hence many exchanges have updated their rules into harsher policies. Most exchanges are trying to monitor their users and require identification while setting up an account. However, Poloniex has taken a step in the opposite direction by introducing accounts that do not need Know-Your-Customer (KYC) verification. Poloniex made