Sep 21, 2023

Ankex CEO Michael Moro discusses the non-custodial hybrid exchange moving from alpha to beta testing this week, along with his outlook on the regulatory space.

Video transcript

We're getting licensed in the British Virgin Islands. So we're going as a virtual asset service provider in the BV I as a first step to getting licensed and we are going to be getting licenses globally and slowly continue to upgrade the licenses that we get all around the world so that we're able to offer our products and services to more people and more geographies around the world. The regulatory challenge ultimately is that separating custody and trading is actually a new thing in the crypto space. It's obviously well known and, but it is a new concept to regulators trying to regulate crypto when they come to exchanges. Custody is a part of the regulatory framework. And that piece is ultimately not responsible for, for an because other providers are ultimately doing that. And so separating out those two functions has actually been interesting as folks in the regulatory space, try to figure out, ok, what rules apply to an an that is non custodial in its entire nature. And all they're doing is kind of providing liquidity um in, in a, in a low latency type of way

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