One of the Hong Kong-based cryptocurrency exchange Gatecoin had recently, announced it has combined the Coinfirm AML (Anti-Money Laundering) risk and acquiescence platform and has linked their AMLT Network as an Associate. Gatecoin informs an impending token delisting’s undecided Hong Kong agreement evaluation. A forthcoming update will agree precisely which tokens will be removed from the exchange.
Hong-Kong listed cryptocurrency and bitcoin exchange Gatecoin also stated that following the Hong Kong Securities and Futures Commission’s (SFC) statement on Initial Coin Offerings back in September, the team of Gatecoin team will be functioning occupied with permissible consultants to regulate the influence of the comment on its business. The firm mentioned that they are presently waiting for the consequences of a governing agreement appraisal by their authorized advisors on the position of precise tokens that are listed on its exchange.
The evaluation will control if a token that is presently listed suits the group of safety below the Futures Ordinance and Hong Kong Securities and in case if the token creators have taken steps to build their token in agreement with the SFC’s outline. As per Grant Blaisdell, Co-Founder of Coinfirm and AMLT Network “Many exchanges are identifying the worth of functioning with the Coinfirm AML Platform and AMLT Network and Gatecoin has always been on the forefront of addressing this aspect of the industry, so it was only natural we associated and showed the market the next standard and direction. It shows how much they care about the excellence of their product and the care and safety of their customers.”
In the refurbishment of the crypto exchange, Gatecoin presented a modification for all the new registrants who would transact with rigorous cryptocurrency to cryptocurrency dealings on the exchange. Not like other exchanges fiat in the trades, it won’t be compulsory for the customers to offer AML/KYC acquiescence confirmation documents in a purpose to rush the continuous onboarding of customers on the crypto exchange.
Gatecoin crypto exchange will, on the other hand, need verification from email of the new users to start trading crypto on the exchange. Transfer on crypto to crypto will be instantaneously useful with removals of crypto necessitating a promotion of the account of the customers.
For the users with a preference for fiat trading, submission of AML/KYC documents will, and these account holders will be able to trade, deposit and withdraw unlimited amounts of Bitcoin (BTC) and Ethereum (ETH) on the Gatecoin exchange.