The Critical Role of KYC and AML in Centralized Crypto Exchanges
Regulatory compliance has become non-negotiable for credible centralized exchanges as the cryptocurrency market matures. Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols now serve as foundational elements of trust, balancing user privacy with institutional security demands.
While some traders still seek non-compliant platforms, unregulated exchanges pose significant legal and security risks. The industry's evolution from Bitcoin's anarchic origins to today's regulated environment reflects growing institutional participation and mainstream adoption.
Bitunix exemplifies how exchanges can maintain regulatory compliance while offering sophisticated trading features and liquidity. Their approach demonstrates that security measures need not come at the expense of innovation or accessibility.
