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RE: OnePageX The simplest and User Friendly Cryptocurrency exchange

in #cryptocurrency • 6 years ago

Very well written review @godwinzzyzx

I've seen few other posts about this project lately and Im just wondering if exchange that doesn't requite KYC will not be targeted by regulators? Isn't risky business to aboid KYC and AML standards?

What do you think?

Yours
Piotr

6 years ago in #cryptocurrency by
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     6 years ago  

    Well I think what they have at the back of their mind is to ensure anonymity for investors who would like to keep a low profile.

    Also, some KYC requirements are usually too tedious, requiring too many confirmations and a large chunk of information before trading. This has put off lot of traders from exchanging assets. I myself inclusive.

    Everyone wants ease and maybe that's what OnePageX is presenting to the cryptoworld: STRESS FREE EXCHANGES

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     6 years ago  

    Bare in mind, we do not want Fraud or Money Laundering so KYC and regulation is utterly required.

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     6 years ago  

    great comment @godwinzzyzx

    some KYC requirements are usually too tedious, requiring too many confirmations and a large chunk of information before trading. This has put off lot of traders from exchanging assets. I myself inclusive.

    I totally understand where are you coming from. The only thing is that investors like myself or yourself .... we're all just a small fish in the ocean.

    Big players, investment funds, so called "smart money" will only operate on fully regulated market. And that means that KYC and AML is a must if one want to eat piece of that cake.

    Wouldnt you agree?

    Yours
    Piotr

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