Will Phemex require KYC?

Excuse me, I'm curious about the regulations surrounding the cryptocurrency exchange Phemex. Could you please clarify whether Phemex mandates Know Your Customer (KYC) procedures for its users? I've heard that some exchanges enforce strict KYC requirements while others maintain a more relaxed approach. As a potential user, I'm interested in understanding Phemex's stance on this matter and how it may impact my trading experience. Thank you for your time and consideration.