CEX.IO's Overbearing KYC Policies: Hindrance to Decentralization and Unfair Restrictions

Individuals who are interested in trading or conducting business through the CEX.IO platform are subject to a stringent set of requirements. They insist on asking you for information each and every time you receive funds from a Bitcoin (or another cryptocurrency wallet) that they are not familiar with, and they demand proof that the funds belong to you; this also applies to wallets to which you withdraw funds. They will not budge on this policy. In spite of the fact that I was asked for an additional form of identification (a total of two, including my driver's license and passport) and that I was insisted upon providing additional proof of ownership over accounts, they continued to place restrictions on my account that prevented me from converting, trading, or withdrawing funds. Be aware that if you want to start using CEX.IO, you will be required to provide information and proof of ownership for every single wallet that you use to move funds from. I'm sure that anyone who reads this will agree that this is completely antithetical to the nature of decentralized cryptocurrencies and that despite being a regulated entity that has KYC obligations, they take it to the extreme and in an unfair manner. My interactions with their customer service team, which took place over the course of more than forty emails, took up more of my time than the time I actually spent on the site itself. individuals who are the interested in trading or collecting business to the CX 5x platform.