The idea of decentralized finance is that there is no central authority in charge to control the exchange’s operations doesn’t mean they can get away with lax or no know-your-customer (KYC) and anti-money-laundering (AML) compliance. Or that there is no one to be held accountable.
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Paxful and OKEx just joined forces to make it easier to buy Bitcoin without access to major fiat currencies (Photo: Philip Brewer/Flickr)Buying Bitcoin using fiat just got easier
A new partnership with Paxful means OKEx users can buy Bitcoin using 160 fiat currencies… or gift cards, if they prefer.
OKEx announced on June 15 that it has entered into a strategic partnership with the peer-to-peer Bitcoin marketplace Paxful. OKEx users will be able to purchase BTC using more than 160 fiat currencies, while Paxful users will be given direct access to the OKEx platform for trades, options and futures.
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Huobi hopes its new Star Atlas tool will ferret out fraudsters and money launderers (Photo: Piqsels)Huobi targets money laundering, fraud
New Star Atlas analytics tool will allow the cryptocurrency exchange to automatically detect and trace fraudulent or illegal transactions
Huobi Group announced today that it has launched Star Atlas, a new analytics tool designed to monitor on-chain transactions and activities “in real time to identify and flag suspicious or problematic transactions" such as money laundering, fraud, illegal dark web sales, and even price manipulation.
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Huobi’s regulator-friendly financial blockchain launches beta
Huobi’s regulator-friendly financial blockchain framework is aimed at DeFi applications ranging from payments and tokenized assets to lending and identity verification systems, according to a release. It also can host distributed exchanges (DEX) and private blockchains, among other services.
