Quote from: davis196 on April 22, 2025, 11:14:16 AM

Quote from: nonlogs on April 22, 2025, 05:28:08 AM

I'm planning to build a CEX that does not track IPs, requires no KYC, no fiat support, and no email verification. The main goal is to create a privacy focused exchange. However, we've recently seen authorities shutting down privacy coins and exchanges under the pretext of money laundering and terrorist financing.

The truth is, only about 1% of users are involved in illegal activities. The remaining 99% prefer anonymity mainly because their funds often come from gambling services or marketing campaigns related to gambling, and they simply want to protect their privacy. Personally, I don't see anything wrong with that.

I would really appreciate your valuable suggestions on how to move forward with this idea.

OP, your post sounds like nonsense to me.
You plan to build a centralized crypto exchange(which means you are going to hold the coins of your users), but you also plan to stay non-KYC(which means that you won't follow any crypto regulations and laws). Is there any guarantee that you won't scam your users and you won't run away with their crypto? Who is going to trust you and deposit his hard-earned coins into a centralized exchange, which doesn't abide by any laws and regulations?
If you plan to build a decentralized cryptocurrency exchange, that is a completely different topic. I guess that you know the difference between CEX and DEX.

I’d like to remind you that FTX was a fully registered exchange did that keep your money safe? Did crypto regulations and laws protect your funds from the Terra collapse? No one forced you to keep your assets on the exchange; you were always free to withdraw at any time. I don’t understand why people say the exchange ran off with their money when in reality, it was their own mistake for not withdrawing it in the first place. why would you trust and hold funds in a CEX.