Does Bibox require KYC?

Could you please clarify for me whether or not Bibox, the popular cryptocurrency exchange platform, mandates the completion of Know Your Customer (KYC) procedures by its users? I'm particularly interested in understanding if there are any specific requirements or limitations in place regarding KYC verification, as I'm considering using Bibox for my cryptocurrency transactions. Additionally, if KYC is required, could you also elaborate on the process and any potential implications or benefits associated with completing it? Thank you for your time and assistance in clarifying this matter.