MMO CR Cryptomus now asks for KYC (Know Your Customer) verification.

[Adtecarmp]

I’ve been using Cryptomus to accept payments on my website and also as a personal wallet for receiving payments from clients directly.

I picked it because it offers free cross-chain transfers. Other exchanges have that too, but you have to go through KYC and deal with crazy taxes, especially if you’re in India (flat 30% with no deductions).

But today, I noticed a change. Now, Cryptomus requires KYC for more things. It used to be just for P2P and trading, but now it’s needed for:

• Receiving funds
• Withdrawing funds
• Creating a merchant account

I really don’t get it. We’re basically just using it as a wallet. This update is a big letdown, and I’ll have to start looking for other options now.