Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ZEUS EXCHANGE: HOW TO CONNECT FINANCIAL AND CRYPTO MARKETS?
by
ZeusExchangeOfficial
on 13/06/2018, 21:41:01 UTC

Is it possible to somehow bypass KYC&AML stages?
[/quote]

Nope.

Smiley

There is a clear need in the market for a legal and compliant mechanism that connects conventional and crypto markets and is capable of partnering with traditional finance players such as banks and broker-dealers.

We beleive in the power of blockchain, but we also beleive that the legal framework is needed for markets to operate. We foresee blockchain developments applied to the regulation (regtech; smart contracts; API solutions), but we also see that unless the financial flows are transparent, the fintech can't really operate, because investment management is based on trust.

Interesingly enough, digital identity is another matter: while at the moment, a person identity is generally issued and protected and checked by governments (which is a matter of national sovereignity), it may (and we expect that) in the future finally become a person's own data to issue and share, and blockchain may be one of the technologies to do just that. And we would defenitely welcome and implement such a solution once it becomes a reality.
 
But for the time being: KYC/AML is a must.