BitMEX is working to implement user verification via KYC
The exchange is looking for an anti-money laundering manager of money
Far from all I liked the innovation
Previously, the exchange was accused of untidiness in maintaining the trading system.
According to @IamNomad on Twitter, cryptocurrency exchange hires an anti-money laundering manager for developing a KYC scheme focused on exchange clients.
Bitmex is hiring an AML manager to design their KYC plan for general customer
Also is hiring a java developer with notes of key systems they will be working on. pic.twitter.com/ TB4ByW53gt
– i.am.nomad (@IamNomad) March 21, 2020
The exchange also hires a Java developer to implement various kinds of trading functions, including setting up order information, building market data and processing orders..
The decision of the exchange to take the path of regulation does not It was greeted with particular optimism among the cryptocurrency community. So, the exchange has already been accused of “burying” its own business due to the introduction of this kind of checks.
Compliance with regulatory requirements is required if the exchange intends work on a legal basis in the jurisdiction of another state.
However, such tightening affect the reputation of the exchanges, because not everyone likes the idea Togo, what any potentially vulnerable to hacking exchange can lose hundreds, if not thousands of confidential documents required for KYC.
For example, Charlie Schrem, one of the early adopters of bitcoin, stated that access on market cryptocurrencies are limited for certain categories of Americans because they are face those the same difficulties when registering on exchanges as when opening a bank account.
In addition, decisions to take their own users “Under the hood” is also due to the ambiguous reputation of the exchange itself, after long resonant incidents.
In addition to this, BitMEX was also blamed for the abnormal Bitcoin price collapse. We have already written about Tom, as CEO of analytical company Alameda Research has released a series of tweets describing exactly how the exchange brought down the price of the cryptocurrency..
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