Post
Topic
Board Service Discussion
Re: How can a CEX exchange protect user privacy without running into legal issues?
by
uchegod-21
on 24/04/2025, 23:08:02 UTC
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.
I have a question for you.
If you build an exchange that doesn't store customers data, doesn't track IP, no email verification, no KYC etc. Then someone fraudulent decides to send a stolen or hacked coin into your exchange, how are you going to know about this action and stop it?