London-based Crypto Exchange Shows Regulatory-Friendly Attitude by Opting For KYC & AML Checks

Archax exchange will be assessed by London’s leading independent fund administrator Custom House in order to determine whether it is KYC and AML compliant

Thu, 16/08/2018 - 15:20

London-based Crypto Exchange Shows Regulatory-Friendly Attitude by Opting For KYC & AML Checks

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The next-generation Archax cryptocurrency exchange, which specifically targets industry professionals, will be assessed by London’s leading independent fund administrator Custom House in order to determine whether it is KYC and AML compliant. Archax volunteered for this check-up to prove its legitimacy and attract more City investors.

The company’s CEO Graham Rodford claims that cryptocurrency should be treated as regulated assets, but crypto companies do not meet strict legal requirements. Financial firms will be more incentivized to dive into the crypto space if the latter becomes transparent about trading counterparties and the origin of funds.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.