OKX exec says KYC will ‘elevate the bar,’ carry actual capital into crypto: Blockchain Financial system Dubai 2023

Whereas some areas of the crypto area concentrate on privateness and anonymity, others concentrate on elevating the requirements throughout the area and on bringing in conventional gamers and extra capital on the planet of digital belongings.

On the current Blockchain Financial system Summit held in Dubai, Cointelegraph spoke with Lennix Lai, the worldwide chief industrial officer at crypto change OKX. Through the interview, the manager mentioned a number of subjects, together with the variations between working in conventional finance and crypto, how OKX dealt with the wave of exchanges implementing obligatory Know Your Buyer (KYC) checks and the way the change navigates the quickly altering regulatory panorama.

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