A company from Gibraltar has recently made an interesting announcement for the cryptocurrency community-based in the U.S.A. The company announced that they are currently in process of setting up a cryptocurrency exchange. The cryptocurrency exchange is developed keeping in mind the requirements of the United States as well as European regulators.
The United States regulators comprise of the Financial Industry Regulatory Authority and the United States Securities and Exchange Commission while for Europe, it is the European Union.
In recent years, the crypto-blockchain industry has started to gain a significant amount of success and advancement. As a result, the recognition of the cryptocurrencies as well as the crypto-assets have started to become a hot top among the economic giants.
This is exactly kind of perception that INX has adopted. As per INX, the crypto-blockchain industry has not only started gaining recognition among groups but it is now catching the eyes of many developed countries.
Countries like China, Russia, Germany, India, South Africa, and many more have started adopting the crypto-blockchain industry. The use of the crypto-blockchain industry has not just remained restricted inside the financial block but has spread its network beyond that.
Many countries have started integrating crypto-blockchain technology into many sectors. These sectors include petrochemical trades, agricultural trades, education, health, e-commerce, esports, sports, arts, and many more.
This is only because these countries have realized that the crypto-blockchain industry like all others is here to stay. With the passage of time, the industry will be widespread throughout the globe.
The INX Company is a joint venture of teams from some of the biggest financial institutions from around the world. The companies involved in the development of INX are Societe Generale, TD Ameritrade, Standard Chartered, American Express, Morgan Stanley, and HSBC.
The developers of the upcoming cryptocurrency exchange, INX, have stated that they aim to introduce an exchange, which is secure and confident. They added that the majority of the exchanges in the present tend to ignore the regulations implemented by the regulators in order to attract more customers.
By doing this, they not only jeopardize the reputation and operations of their exchange but pose a threat to a country’s security. At present, countries from around the world stress upon the KYC and AML policies and INX aims to fulfill all these requirements.
They added that among all the developed countries, the United States of America is the only country that is completely reluctant to adopt cryptocurrencies. The main reason behind the country’s reluctance is the regulatory and compliance structures that the crypto-platform lacks.
Based on this fact, INX believes that once their exchange is launched, America will be compelled to reconsider its decision.