OKX exec says KYC will ‘increase the bar,’ deliver actual capital into crypto: Blockchain Economic system Dubai 2023

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

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

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