[nradov]

The lack of KYC enforcement is likely to be a temporary situation. Cryptocurrency exchanges have kind of flown under the radar in some countries. But for better or worse, crackdowns are coming.

This use of crypto is fundamentally no different from the old hawala networks, just more automated and slightly cheaper. Authorities let that go for a while but then cracked down when criminal usage grew too serious to ignore.

https://www.investopedia.com/terms/h/hawala.asp

[latchkey]

This exchange has been operating legally in Vietnam since 2014. Not exactly the most "open" country out there.

I've met the founder in person. Very nice guy and not even Vietnamese!