The news about KuCoin pleading guilty to operating an unlicensed money-transmitting business left me questioning how much trust we can really place in some exchanges. It is frustrating to think that an exchange so widely used failed to meet basic compliance requirements like anti-money laundering and identity verification.
It is moments like this that reminds me why I am sticking to platforms like Bitget and Binance exchanges that take compliance seriously and work to stay transparent with their users. At least with them, there is a sense of accountability and effort to follow regulations.
The crypto space is already filled with enough uncertainty, so the last thing we need is to worry about the integrity of the exchanges we use.
What is your approach to picking exchanges in light of situations like this?
It is moments like this that reminds me why I am sticking to platforms like Bitget and Binance exchanges that take compliance seriously and work to stay transparent with their users. At least with them, there is a sense of accountability and effort to follow regulations.
The crypto space is already filled with enough uncertainty, so the last thing we need is to worry about the integrity of the exchanges we use.
What is your approach to picking exchanges in light of situations like this?
