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A few days ago, I was chatting with Haiteng, in fact, the biggest advantage of holding a license is the compliance of local deposits and withdrawals, for example, the license in Singapore can open up the deposit and withdrawal between stablecoins and new currencies, and transfer them directly to the bank smoothly.
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Behind every license is the result of OKX's embrace of compliance. To this end, we have established a comprehensive KYC, 100% transaction monitoring, strict compliance with sanctions, active Web3 risk control and other compliance mechanism measures. I hope that the future of the industry is to walk on a bright road, maintain compliance, maintain innovation, and maintain a sense of responsibility.
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