Therefore, CoinEx is committed to following the laws imposed in the countries where it operates, which includes KYC: Know Your Customer and AML: Anti-Money Laundering regulations.
CoinEx and Cryptocurrency Regulations
It is not the first time that CoinEx has expressed its commitment and desire to comply with the laws and regulations of the territories in which it operates. For example, in December 2021, the exchange obtained the MSB license, which allows it to provide its financial services in the United States. But this was only the beginning.
The company continues to apply for more licenses and permits in other countries. This in order to accelerate its global expansion in a safe and completely legal way. In fact, CoinEx has a professional team dedicated exclusively to legal and compliance issues.
On the other hand, the exchange created a new channel on its website called Law Enforcement. The goal behind this channel is to promote cooperation between regulators around the world and CoinEx. In this way, government entities and officials can make requests for the application of a law in CoinEx.
CoinEx measures to comply with AML and KYC regulations
Anonymity and borderless circulation are some of the main characteristics of bitcoin and altcoins, which is of concern to government authorities when it comes to security. That is the reason why KYC and AML verifications have become a requirement in most of the world's exchanges, including CoinEx.
CoinEx's vision is to become one of the most secure, efficient, stable and global financial services platforms with the greatest reach. To achieve this, you must comply with crypto asset regulation laws.
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