On August 5, with the onshore and offshore prices of the RMB against the US dollar falling below 7 yuan, many people’s panic about the depreciation of the RMB rose, thus seeking asset hedging channels, resulting in a 7% increase in bitcoin prices. And drive the overall market to show an upward trend.
In the past few years, whenever wars, hyperinflation, exchange rate depreciation in the world, and even economic suppression by other countries in the United States, large amounts of assets enter the digital currency market to seek to preserve or increase value, especially bitcoin. Historical experience has proven that this is a better solution than buying gold, because Bitcoin has become the world's best investment product this year, with a return on assets of over 200%.
Digital currency has many advantages that gold and the dollar do not have: decentralization, non-tampering, anonymity, fast transactions, and easy segmentation... but because of this, these features are to some extent a double-edged sword: Quickly gain market recognition and be used by people with a heart for illegal behavior.
For example, some people swindle digital assets, some use digital assets for money laundering, and even terrorist organizations use digital money to raise funds... In essence, these are variants of past criminal acts such as fraud, money laundering, and terrorist attacks.
As an indispensable part of the digital currency field, the exchange plays an important role in asset flow, value anchoring, and market vane, so it is very easy to become a target used by criminals, such as registering accounts with false information and using The account is used for fraud, money laundering, attacking exchanges and other criminal acts.
These criminal acts not only endanger the well-being of the society, but also have great harm to the digital assets themselves. For example, the once smash hit Mt.Gox was stolen in 850,000 BTCs in 2014. Since then, various exchanges have been tracking the address of the stolen money wallet to prevent hackers from transferring money to the exchange for cash. It is conceivable that if the hacker is successful, hundreds of thousands of BTCs will enter the market and sell, which will inevitably cause a devastating blow to the entire market, and the assets of all will shrink sharply.
These dangerous possibilities have also led some countries in the world to regard the digital currency as a beast and a beast. For example, India has ordered the prohibition of people from investing in digital currency.
But more countries are actively exploring and adopting reasonable regulatory measures for digital currency transactions. Although the blockchain has the characteristics of decentralization and anonymity, those who use blockchain technology and digital certificates are protected and restricted by law. Without reasonable supervision, it is difficult for ordinary people to gain benefits in the field of digital currency transactions, and even basic guarantees are not available.
Therefore, the exchange shoulders the mission of protecting the security of user assets, cooperating with the national and regional regulatory policies, and complying with international agreements to crack down on illegal and criminal activities.
Among them, the digital currency exchange AOFEX, known for its security, has played a positive role in the fields of transaction security, anti-fraud, international anti-money laundering, anti-terrorism financing, etc., not only set up special anti-money laundering groups, but also with blockchain. The safety expert, Slow Mist Technology, reached a strategic cooperation and further strengthened the security level based on the original traditional bank security risk control system.
Up to now, AOFEX has issued a series of anti-money laundering (AWL) safeguards, in line with the upcoming new policy of the International Intergovernmental Financial Action Task Force on Anti-Money Laundering (FATF), taking the lead in realizing anti-money laundering KYC and large-value transaction analysis, successfully identifying A number of accounts suspected of involving money laundering were issued and frozen.
After accumulating 2 months of experience and results, AOFEX Exchange will launch a new version of the webpage and APP in the near future, and all aspects will have more outstanding performance.
In the future, AOFEX will make unremitting efforts in security and financial crime prevention, bringing more safe and convenient professional services to investors.
News source: https://www.jinse.com/blockchain/433151.html