Bitstamp’s Dutch Users Must Provide KYC Documents On External Withdrawal Addresses

Bitstamp’s Dutch Users Must Provide KYC Documents On External Withdrawal Addresses

  • Bitstamp introduces new mandatory withdrawal rules to customers in the Netherlands.
  • Users will need to provide KYC documents for external wallet addresses to make crypto withdrawals.
  • Is this trend set to continue in other regions and exchanges?

In an email circulating across crypto social media channels, Bitstamp has activated new withdrawal rules for customers in the Netherlands, requiring them to prove that they are the owner of the withdrawal address. This follows the recent implementation of crypto laws by the Dutch government targeting crypto service providers such as exchanges. The email read,

“We have made some changes on how cryptocurrency withdrawals work on Bitstamp.”

“The new regulation requires us to collect proof that you are the owner of any third party wallet or exchange account before you can withdraw crypto to it.”

Users will need to whitelist any external withdrawal address by providing proof or picture that the account belongs to them. Whitelisting addresses were available on Bitstamp as a voluntary security measure but will now be a requisite procedure for Dutch customers to withdraw from the exchange. The directive kicked off to all Dutch customer accounts on Friday, 15th January 2021.

Moreover, users cannot withdraw their tokens to third-party wallets such as mixers and payment channels. They will need to withdraw the coins to their whitelisted address before transferring them to a third-party crypto wallet.

The Netherlands is one of the leading countries implementing the AMLD 5 directive proposed to EU countries to curb money laundering and counter-terrorism financing. Bitstamp compliance lies in the latest crypto laws drafted by Dutch lawmakers in November 2019 and passed late last year.

Crypto companies operating in Holland must register with the central bank, the De Nederlandsche Bank, BEG reported earlier. The central bank set a deadline of January 2020 for every crypto firm and service provider in the country to obtain a license. Recently, DNB approved the first license for a crypto exchange in the country, offering AMDAX BV, an Amsterdam-based crypto service provider, the power to offer crypto-assets to Dutch residents.

The Netherlands’ case could open a case for other European states and other governments to follow their steps in regulating cryptocurrencies. Recently, U.S regulator FinCEN proposed draconian rules extending anti-money laundering (AML) regulation to non-custodial wallets that will see crypto transactions above $10,000 reported to authorities.

Read Original/a>
Author: Lujan Odera

Ledger Reveals 3 Month Policy for Keeping Buyer Info; 2k New Users Affected in Data Breach

Ledger Reveals 3 Month Policy for Keeping Buyer Info; 2,000 New Users Affected in Data Breach

This time the information was leaked by the hardware wallet’s e-commerce provider Shopify’s rogue employees. But “these attacks have only strengthened our resolve to build and release products that keep you and your crypto safe,” says Ledger.

Hardware wallet Ledger, which is meant to “provide security to critical digital assets for consumers & institutional investors,” keeps leaking information about its customers.

After the last data breach affected 272,000 customers, yet another one has leaked the customer records of additional 20,000 Ledger customers.

On Wednesday, Ledger informed the crypto community that in an incident in the first half of 2020 (April and June), its e-commerce provider Shopify’s team members illegally exported merchants’ customer databases.

Shopify alerted Ledger about this incident on December 23rd, in which 93% of the information obtained was similar to the previous data dump, 7% of the customer records breached were new.

Reportedly, this incident affected over 200 merchants of Shopify, but the e-commerce giant didn’t discover that Ledger was also targeted in this attack until Dec. 21st, 2020.

As for why Ledger would keep the information, the company says, “our goal is to completely delete your personal data (such as your name, address, and phone number) as soon as possible.”

However, the company stores e-commerce information for “accounting and legal obligations,” in a segregated environment — “separate, dedicated, and encrypted storage inaccessible from the internet or external devices, with limited access rights” — for “as short a period of time as necessary” which is 3 months after the order is shipped.

The company has already contacted the concerned users directly to inform them about this incident.

“We are dedicated to taking action against this incident,” wrote Ledger while advising users to never share a 24-word recovery phrase.

If a user purchased a Ledger product after the end of June 2020 or outside of the Ledger.com site, their data is not exposed.

“We are deeply sorry that these incidents occurred and for any pain or stress they’ve caused our customers,” reads the official announcement in which the company says it will

“soon release a technical solution that will remove the 24 words as the single pillar of the security of our hardware wallets and will open the door to funds insurance for individual customers.”

Read Original/a>
Author: AnTy

Even Billionaires Complain About the High DeFi Uniswap Fees; Aave Users Get Excited

Even Billionaires Complain About the High DeFi Uniswap Fees; Aave Users Get Excited

“Defi has incredible potential,” says Mark Cuban but cautions that much like derivatives, “risk never leaves the system” here as well.

Ethereum is notorious for its extremely high fees when the network activity amps up.

In January, with ETH and DeFi tokens enjoying an uptrend and offering buy the dip opportunities, too much activity is making the platform costly to use. Popular DEX Uniswap, which has long been the biggest gas guzzler, has spent $28.3 million in gas in the last 30 days.

“The high gas costs are a direct result of *huge demand for trading on Uniswap,” said Hayden Adams, the creator of Uniswap, earlier this month when the fees skyrocketed yet again.

“Scaling is a huge problem. It absolutely sucks small transactions are sometimes priced out during volatility.”

But it looks like it’s not only the smaller users that are feeling the brunt of the hefty fees; even the billionaires are complaining. This billionaire, is none other than crypto skeptic Mark Cuban.

Cuban mentioned that gas was always an issue when Haralabos Voulgaris, Head of Quantitative Research at Dallas Mavericks, suggested there being real value in sending money over a decentralized, permissionless network. Cuban feels,

“Except the gas is always an issue. Just the cost of moving crypto to AAVE is crazy expensive, and the number of non crypto options will increase.”

With the Shark Tank investor who finds more worth in bananas and compares crypto trading with the dotcom bubble,  name dropping popular DeFi project, AAVE got the CT excited AAVE 10.31% Aave / USD AAVEUSD $ 140.95
$14.5310.31%
Volume 509.28 m Change $14.53 Open $140.95 Circulating 12.2 m Market Cap 1.72 b
8 s Even Billionaires Complain About the High DeFi Uniswap Fees; Aave Users Get Excited 1 d A ‘Massive Transfer of Wealth Among Traders’ Sees DeFi Tokens Winning the Round 1 w Three Arrows Capital Holds 36,969 Bitcoin ($1.24B) via An Over 6% Stake in GBTC
.

“One of the most high-profile billionaires trying out DeFi. I am liking this trend,” noted one such DeFi investor.

However, just because Cuban publicly doesn’t find worth in crypto doesn’t mean he isn’t trying things out, as he responded,

“I don’t think people realize I try to test and use all this stuff and have for years. I still have crypto from the early days of coinbase. I’ve never sold anything.”

As for decentralized finance itself, Cuban says, “DeFi has incredible potential.” Still, according to him, much like derivatives, “risk never leaves the system” as it faces the risk of a dominoes-like collapse. Cuban said on the prospect of Defi fixing the problem of underbanked,

“It’s a long way off for the unbanked. Most deal with cash or lack compute power so they need intermediaries. That’s costly. As DeFi grows away from overcollaterization, it will be interesting to see if access expands or contracts.”

But here, the CT takes over and points out that while “the system is only as strong as its weakest link.” We do, in fact, need better insurance models; the missing point is “unlike tradFi, DeFi is a perfectly transparent system that allows you to measure risk in real time,” said Santiago R Santos, a partner at Parafi Capital.

The DeFi space has grown to over $20 billion in total value locked (TVL) as the DeFi project continues to grow and rise in value. This week, the top US banking regulator actually talked about the opportunities of DeFi and regulators needing to be ready for it.

Read Original/a>
Author: AnTy

Nexus Mutual Now Covers Binance, Coinbase, Gemini & Kraken Users Against Security Breaches

Nexus Mutual’s Insurance Now Covers Binance, Coinbase, Gemini & Kraken Users Against Security Breaches

Decentralized finance insurance protocol Nexus Mutual has updated the list of cryptocurrency exchanges that are eligible for incidence protection. The company’s services will now include customers of centralized exchanges like Coinbase, Binance, Gemini, and Kraken.

More Custodians Welcome

The update, which was announced on Monday, will allow these exchanges’ customers to purchase protection against certain hacks or asset withdrawal issues.

It’s part of the Custody Cover initiative, and it provides compensation for users who lose over ten percent of their funds in the event of a security breach on any of the supported exchanges. Users can also claim cover if an exchange suspends withdrawals for over 90 days.

Nexus Mutual launched Custody Cover in December 2020 to provide insurance cover for centralized crypto. At the time, the company explained that it was branching out of DeFi to build its insurance marketplace. The company’s long term goal is to use blockchain to provide cover for companies and individuals within and outside the crypto space.

“We’re focused on the longevity of Nexus Mutual and want to become a marketplace that covers diverse risks both in and outside of the crypto space. We want to use the benefits of blockchain to protect all underserved communities and this is our first step in that direction.”

Custody Cover launched with support for six custodians – Celsius, BlockFi, Hodlnaut, Nexo, inLock, and Ledn.

With Custody Cover, Nexus Mutual is looking to solve the issue of overly high insurance coverage prices in the crypto space. While premiums for insurance vary based on the platform, numbers appear to be too high for everyday customers and traders.

A Spotlight on Custody

Nexus Mutual’s branching out into the centralized space is coming amid significant growth in the crypto custody space. In response to increased institutional crypto demand, custody providers have also done their bit to improve security.

Recently, Bank of America-Merrill Lynch conducted a survey showing increased Bitcoin activity from Wall Street players. The survey interviewed fund managers with $534 billion in assets under management. They found that institutions were increasingly trading in Bitcoin. Only the dollar and tech stocks saw more trades.

report from Fidelity Investments also revealed that a third of institutional investors now own crypto assets. This increased enthusiasm from investors means asset custodians need to ramp up their security infrastructure to protect against hacks and other mishaps. In a report, auditing giant KPMG explained that custodians’ top action will be to enable next-generation compliance and security measures.

The company recommends incorporating leading cryptographic techniques like sharding, multi-signature wallets, and multi-party computation. Essentially, cryptocurrency security will require input from both hardware and software solutions.

Read Original/a>
Author: Jimmy Aki

BitMEX’s Crypto Derivatives Exchange Now Has All Users As ‘Fully Verified’ Traders

BitMEX’s Crypto Derivatives Exchange Now Has All Users As ‘Fully Verified’ Traders

Cryptocurrency exchange BitMEX says all the users on its platform are now completely verified.

Last year, the company was having issues with U.S. regulators. As a result, the firm set out to make sure it completes its customer verification program to stay off regulators’ scrutiny.

The BitMEX User verification program was introduced on 28 August 2020. It required BitMEX users to follow a four-step verification process similar to the verification of IDs on several cryptocurrency exchanges.

The verification process takes only five minutes to complete the entire process. Users were asked to upload the proof of address and IDs, take selfies, and provide answers to multiple-choice questions before they can complete the registration.

The user verification deadline was on December 9th, as only verified users are allowed to make transactions, including deposits and withdrawals on the platform.

After the December 9th verification deadline, more than $100 billion worth of transactions have been exchanged, as the firm confirmed that 100% of its users are now completely verified.

BitMEX said that with the completion of the verification exercise, the Seychelles-based company had become one of the world’s biggest derivatives exchanges with a completely verified user-base.

In 2019, the Commodity Futures Trading Commission (CFTC) started investigating BitMEX to determine whether U.S. traders are using its platform.

Then last year October, the regulatory body filed a case against BitMEX for allowing users who are not fully registered to trade on its platform.

After the case, the exchange decided to employ a new compliance chief and shaken up its executive team.

“We’re pleased to confirm that our User Verification Programme has been successfully implemented,” the company stated in its blog.

A major milestone for BitMEX

Chief Compliance Officer of 100x Group Malcolm Wright commented on the development. He said BitMEX is now one of the few non-US-based crypto derivatives that have implemented the know-your-customer (KYC) policy for users to complete their transactions.

He said the achievement is a notable one because of the time and effort it takes to develop a vigorous compliance function that will meet international standards.

Chief executive Officer of the 100x Group Alexander Höptner also commented on the development. According to him, the user verification completion is a major milestone towards what the company hopes to achieve in the future. 100x Group is the holding structure for BitMEX.

He further revealed that it would help BitMEX become a high-performance platform with open-interest and top-level liquidity. Höptner says it places the company in an excellent position to increase both the institutional and retail investors.

It will further give users the chance to boldly trade crypto derivatives without sacrificing performance, liquidity, or security.

BitMEX’s technology has been regarded as the best in class because of its top tier product innovation, Wright added. As all users on the platform are completely verified, the company has shown its commitment to maintaining the legal requirements to operate in any international environment, he stated.

Read Original/a>
Author: Ali Raza

Kraken Users Have Staked Over $1 Billion in Cryptocurrencies

Kraken Users Have Staked Over $1 Billion in Cryptocurrencies

Top crypto exchange Kraken made a significant splash when it announced its Ethereum staking service last year. Since then, it has gotten a substantial amount of commitment from users.

This week, the exchange confirmed its customers have staked over $1 billion in assets on its crypto service, marking continued growth.

Kraken Users Love Them Some ETH

Citing data from Jeremy Welch, Kraken’s Vice President of Product, the exchange’s users have now staked about 45.5 million XTZ (worth about $120 million) and 58 million DOT (worth $580 million). This adds to the 307,904 ETH ($368.5 million) already being staked on the platform. Welch added that staking positions’ increased growth reflects investors’ and traders’ positive sentiment about cryptocurrencies.

The executive added that staking has also presented a paradigm shift in how people invest in cryptocurrencies. With the crypto asset class on a growth and maturity trajectory, investors are no longer satisfied with securing short-term gains. Many are getting more comfortable with locking their assets up for a long time because they believe the industry will keep growing.

As explained, Kraken launched its Ethereum 2.0 staking service in December 2020. In just four days, the exchange confirmed that it has seen over 100,000 ETH in deposits, with a value of $60 million at the time.

Everyone Wants to Get In on Ethereum 2.0 Staking

It’s easy to see why Kraken’s staking will draw so many investors. The exchange has impressive reward rates, with investors getting between five to seven percent based on network activity.

However, the exchange isn’t alone in the Ethereum 2.0 staking business. Binance, the industry’s largest exchange, launched its staking service in December, with investors getting between 5 and 20 percent in annual percentage yields (APY). It also provided extra incentives for customers who complete its know-your-customer (KYC) identity verification process.

Coinbase also announced two months ago that it would launch Ethereum 2.0 staking in the early part of 2021. The exchange has yet to provide additional details, although it would most likely offer commissions in similar ranges to its competitors.

The increase in staking activity is also coming at a time when Ether is on a significant upsurge. The asset’s value has increased significantly over the past few weeks, rallying on the back of increased activity in the decentralized finance (DeFi) sector and on the back of Bitcoin’s jump.

In a blog post, crypto exchange OKCoin also shared some insights n how the Ethereum 2.0 upgrade could drive the asset’s price higher. As many know, the upgrade will essentially transition Ether into the Proof-of-Stake (PoS) consensus mechanism. It will also provide additional benefits in terms of Ether’s transaction speed and costs.

As OKCoin explains, improvements in Ether’s functionality should lead to a greater demand for the asset. Ether’s price should continue to surge in the long run, leading to a boom for investors – and stakers.

Read Original/a>
Author: Jimmy Aki

Binance US, Genesis, & Abra Suspends XRP Support; Bittrex & Uphold Clarifies No Plan to Delist

Much like all the XRP trading and deposit suspension that has happened so far, only the US users are affected. Exchanges clarify that Spark (FLR) Token Distribution in 2021 is unaffected.

Binance’s US-based crypto exchange Binance.US has announced the delisting of XRP on Jan. 13, 2021, at 10 am EST. Binance.US users won’t be able to deposit XRP but withdrawals will be unaffected.

Much like all the trading and deposit suspension that has happened so far, only the US users are affected.

The exchange further clarified that delisting will not affect users from claiming their Spark (FLR) Token Distribution in 2021.

Another one to join this list is Genesis which sent an email to its users, informing them of the XRP trading and lending suspension, as of Dec. 29. The users are not allowed to make new purchases while those who hold XRP have until Jan. 15 to sell it.

The company no longer supports loans in XRP either and both open-term loans and fixed-term loans will also be called. Meanwhile, the “team is actively monitoring the evolving regulatory situation with XRP.”

Abra has also joined the list of companies ending XRP support for US users, despite it being a peer-to-peer transaction network.

According to the firm’s message, Abra plans to suspend trading in XRP for US customers at 3 PM PST on Jan. 15th.

“Abra is registered in most states as an MSB and has had previous legal battles with the SEC that led to them delisting their stock ETF offering,” noted Adam Cochran, partner at Cinneamhain Ventures.

No plans to delist XRP

Amidst all the suspensions, cryptocurrency exchange Bittrex, which no longer allows its US customers to trade XRP clarified that they are not going to delist the digital asset and will maintain all XRP markets: BTC-XRP, USD-XRP, USDT-XRP, ETH-XRP, and EUR-XRP.

“Uphold will continue to list XRP until and unless the Complaint is adjudicated against Ripple – specifically citing that XRP is, today, a security, or trading volume dissipates to a point where we can no longer support,” came the tweet from JP Thieriot, CEO of crypto trading platform Uphold.

Australia-based BTC Markets also took to Twitter to share that they are monitoring events in the US regarding the SEC but have “no plans to delist XRP at this time.”

The price of XRP meanwhile lost a considerable amount of its value in the last two weeks. After falling under $0.17, the crypto asset is currently trading around $0.22.

“XRP’s market cap has fallen by 93% from $137B to under $10B. That makes the value of the XRP collapse bigger than Enron and Worldcom,” said Joshua Frank, CEO of The TIE. “While not a bankruptcy, XRP is effectively the third-largest collapse of all-time behind Lehman Brothers and Washington Mutual,” he added.

Coinbase Under Hot Water Too

A class-action lawsuit has been filed against US-based crypto exchange Coinbase alleging that it knew XRP was a security and still sold it “illegally”.

Just this week, Coinbase, which recently filed to go public, said it suspended support for XRP trading and deposits.

The case is filed by Thomas Sandoval in the U.S. District Court, Northern District of California (San Francisco) and he is seeking damages for the commission paid by him and other users to Coinbase for XRP tokens.

“Until late this month Coinbase sold the XRP token, the value of which was entirely linked to the success or failure of Ripple Co. and the managerial efforts of its executives,” Sandoval said in the complaint. “Indeed, Ripple Co.’s survival as a corporate entity depended on its sale of unlicensed XRP securities to the public to fund its business operations.”

Read Original/a>
Author: AnTy

Mt Gox Trustee Submits Rehabilitation Plan; 150,000 Bitcoin to Be Returned to Traders

After several consecutive delays, Mt. Gox users could finally get paid after the trustee submitted a draft rehabilitation plan.

Nobuaki Kobayashi, Mt. Gox trustee, submitted the draft rehabilitation plan on Tuesday, Dec. 15. The draft plan promises to repay the former Mt. Gox creditors using Bitcoin. The rehabilitation plan, which has since been posted on the Mt. Gox website, reveals that the trustee is set to return about 150,000 Bitcoin worth approximately $2.6 billion to the former Mt. Gox users. The announcement reads,

“The Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed with the rehabilitation proceedings relevant to the draft rehabilitation plan.”

This indicates that the draft rehabilitation plan is currently being reviewed. If the Tokyo District Court okays the plan, then the trustee will repay the money to the creditors within a specified timeframe.

The move comes months after Kobayashi was given another approval extending the date of filing a rehabilitation plan back in October this year. Kobayashi had been given until Dec. 15, 2020, to file the draft rehabilitation plan. The trustee had previously been given several such deadline extensions in April 2019 as well as march 2020.

Mt. Gox was founded in 2010 and arguably underwent the greatest crypto heist in history. The crypto exchange was hacked on two separate occasions in 2011 and 2011, leading to a loss of about 1.35 million Bitcoin. The second hacking led to the exchange’s closure, which catered for about 70% of the total Bitcoin transactions.

Mt. Gox users are yet to receive any management compensation, leading to multiple cases to trace the perpetrators and retrieve the stolen funds.

The Tokyo-based court appointed a Japanese lawyer, Kobayashi, to manage the civil reimbursement process and allegedly has about 150,000 BTC to refund the users. The rehabilitation process is expected to end a protracted legal battle involving the regulators and users.

Mt. Gox is the recent defunct crypto exchange for making positive progress in reimbursement plans. Cryptopia began reimbursements to its users on Dec. 9 after the exchange was hacked last year.

Read Original/a>
Author: Joseph Kibe

Tesla, Amazon, Netflix, & Pfizer Now Tradeable on Bittrex Against USD, USDT, & BTC

Cryptocurrency exchange Bittrex announced on Monday that it will now allow its users to trade popular stocks.

After derivatives platform FTX, Bittrex is the latest one to list the tokenized stocks on its exchange. This is made possible through its partnership with Digital Assets.AG.

Digital Assets.AG is a Swiss-based company that facilitates the tokenization of traditional financial assets. This will allow investors and traders to directly access the listed companies without an external broker or additional fees.

The popular stocks available to purchase and trade on Bittrex include Tesla (TSLA), Alibaba (BABA), SPDR S&P 500 ETF (SPY), Beyond Meat Inc (BYND), Pfizer (PFE), Apple (AAPL), BioNTech (BNTX), Google (GOOGL), Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Bilibili (BILI).

These stocks will be tradeable against US dollars (USD), Tether (USDT), and Bitcoin (BTC).

“The traditional stock exchanges of the world’s financial capitals have for centuries set the terms for engagement and trading,” said Tom Albright, the chief executive of Bittrex Global adding that the decade-old inefficient, complex, and expensive infrastructure is “totally unnecessary.” He said,

“Blockchain technology has the potential to radically broaden access to financial services, and Bittrex Global is very proud to provide people with a portal to build their capital and private wealth in a way that was unimaginable a decade ago.”

Unlike the traditional stock market, Bittrex will allow people to trade twenty-four hours a day, seven days a week. Additionally, users can purchase a fraction of stock instead of entire shares. Even the countries where access to US stocks though traditional finance is not possible will now be able to trade them.

This is just the beginning as the exchange plans to “quickly increase their offerings by giving its customers exposure to ETFs, indices, and additional asset classes.”

Read Original/a>
Author: AnTy

OKEx Recent Issues ‘Exposed Weaknesses in Internal Processes’ But Working on Correcting Them

On October 16th, OKEX users were shocked as the exchange unexpectedly halted all cryptocurrency withdrawals on the platform – stretching the halt to over a month. After the “normal withdrawal services” were resumed on November 26th, OKEX CEO Jay Hao joined a live Ask Me Anything (AMA) session on the official 27,000+member Telegram channel to explain what went down during the withdrawal hiatus on the exchange.

The withdrawal issues started on October 16th, when one of the ‘private key holders’ on OKEX multi-sig wallets was taken into custody by the Chinese police to help in an investigation. The exchange shut down its withdrawal services while all other operations remained functional during this period. The exchange stated they could not provide authorization on withdrawals on the exchange as they could not access the keyholder at the time.

In a transcript of the AMA session, Jay Hao explained the withdrawal pause caused “a lot of uncertainty” as the exchange was not sure when withdrawal services would return. The event has since caused an enormous impact on the exchange’s business activities, Hao explained.

“We have seen an understandable decrease in trading activity on the exchange.”

Following the five-week withdrawal pause, OKEX experienced one of its largest Bitcoin outflows shortly after the services were resumed. Over 29,300 BTC was moved out of the exchange on November 26th, recording its second-largest outflow yet in 2020, only bettered by the March crash withdrawals.

However, the hiatus did not significantly affect the BTC market recently reached a new all-time high as the market responded wonderfully to the news. Hao further explained,

“The incident highlighted the cryptocurrency market’s maturity — reflected in the price of BTC and other major assets in their resilience to the news.”

The China-domiciled exchange is working on new developments to prevent such withdrawals from happening in the future and win back its customers’ trust and confidence.

First, the exchange will implement a new hot wallet system that will follow a four-stage process – private key generation, its backup, enabling a master private key generation, and its backup key. Moreover, each private key will have a backup key that will ensure “there will never be assets lost due to unforeseen events happening to a private key holder,” Jay further said.

image1

OKEX new hot wallet system

A “new exchange transparency plan” that allows the public to view and monitor their wallet addresses at any time will be launched in the coming months. The exchange also plans to reward the loyal users who deposited or held tokens in their accounts during the exchange’s arduous period.

Additionally, Jay addressed the rumors surrounding the withdrawal pause and OKEX founder, Star Xu. In a coincidence, OKEX withdrawals resumed shortly after Xu was released from police custody, causing a buzz that he was the mysterious “private key holder.” Furthermore, Jay bashed rumors that the exchange was facing investigations on money laundering charges. Jay said,

“As stated in many previous announcements, the investigation has no relation to OKEx.”

“We have established, implemented, and continue to refine and Anti-Money Laundering, Anti-Terrorist Financing, and Trade & Economic Sanctions Program since our inception to ensure a robust and compliant digital asset trading platform.”

Read Original/a>
Author: Lujan Odera