BitMEX will be follow trading with Eventus solutions
BitMEX Implements Advanced Transaction Control Solutions
Trading monitoring on the site – one from the items of the comprehensive program
BitMEX Tightens Trading Control Amid CFTC Allegations
BitMEX cryptocurrency exchange will implement analytical solutions from Eventus for monitoring trade on his site.
Trade and users under control
Cryptocurrency exchange BitMEX has chosen analytics solutions developed by Eventus to monitor trade and monitor transactions, in line with the requirement of the 5th EU Anti-Money Laundering Directive. About this said in the official message of the Eventus company.
“We chose Eventus solutions to ensure compliance with the regulatory requirements for trade supervision and AML procedures. Eventus has extensive knowledge and experience in only in cryptocurrency sphere, but also in the traditional financial sector “, – stated Malcolm Wright, Director of Compliance, 100x Group, into structure which includes the BitMEX exchange.
Eventus CEO Travis Schwab noted that for last year BitMEX has taken a number of important steps to ensure integrity market. Eventus solutions will help company better to counter money laundering of money and comply with regulatory requirements.
The post says that BitMEX will deploy a cloud version of the Eventus Validus platform over the next several weeks.
BitMEX tightens control over transactions
Earlier, the BitMEX cryptocurrency exchange announced the tightening of the user verification procedure and the passage of the KYC procedure. About this the platform reported on its website. According to the announcement, everything users of the crypto site should were pass the “Know Your Customer” (KYC) verification process by November 5 (03:00 Moscow time).
The reason for the reduction in the deadline was a high-profile incident that occurred with the exchange in early October:
“Recent events have highlighted the requirement for operators market introduce reliable and corresponding to KYC programs “.
For the first time about forced BitMEX announced verification at the end of August. Then stock exchange demanded from all of her users go through a four-step verification process by providing a copy of photo ID, proof of address, selfie, and source income. Users suggested that such a requirement would lead to an outflow of capital from the exchange, which already lost more 50 thousand. bitcoins due to accusations by regulators USA.
Chapter cryptocurrency BitMEX Arthur Hayes resigned after Commodity Futures Trading Commission (CFTC) indicted him. According to the official announcement, the exchange also will leave BitMEX Chief Strategy Officer Ben Delo, and Development Head Greg Dwyer has been temporarily suspended from his duties.
At the same time BitMEX has hired a new chapter on compliance with anti-money laundering standards, which became Malcolm Wright. Prior to his appointment at BitMEX, Wright served as AML / KYC Compliance Chief at fintech startup Revolut and crypto exchange Diginex.. New The head of AML / KYC at BitMEX is known as a supporter of tight regulation of cryptocurrencies. While at Diginex, Wright took active participation in the formation of new methods of control of turnover digital assets.
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