Ninjastic
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Board Announcements (Altcoins)
Re: ⚡🚀⚡PRE-ANN: XBrick - World-class crypto currency exchange ⚡🚀⚡
by
Muanna
on 17/05/2018, 19:45:52 UTC
Quote from: chess888 on May 17, 2018, 03:40:19 PM
Quote from: CrimsonSunset on May 17, 2018, 11:59:27 AM
Quote from: haywire21 on March 18, 2018, 03:36:58 AM
Quote from: Crypto McPoopypants on March 17, 2018, 04:51:12 PM
Maybe I've gotten the wrong end of the stick, but what's the point in creating centralized exchanges anymore?
Personally, I'm not a big fan of DEXs, so I'll be happy with more Centralized exchanges with liquidity.
So if Xbrick can provide the liquidity, I'll follow. It's more usually a little more user friendly for not so experienced traders like me Smiley
They are expecting central banks and gov'ts to be stricter with regards to cryptocurrency exchanges and are incorporating procedures that they expect would be part of new regulations that will be formed:
Quote
The future of the crypto currency market is likely to be governed by stricter anti-money laundering (AML) regulations. As a result, those platforms with well-established AML procedures could be in much better position to be granted such licenses once they are put in place by the respective governments

XBrick is looking forward to the future where crypto currencies are somehow centralized, or has been addressed by local governments by implimenting stricter AML as stated above. If this really happens, people will not have a choice but to use platform similar to XBrick. I think many of those who believe in Bitcoin will disagree with this since it defeats the purpose of creating a decentralized currency.
Exactly. Not all will want centralization since cryptocurrency is designed to be decentralized, so not everyone will like this idea i think. Aside from that they will be requiring KYC from their users. I understand their reasons but it is not too convinient for everyone.