OKX Compliance Measures and Tornado Cash
OKX founder Star Xu responded to growing speculation about the platform’s handling of Tornado Cash-related accounts. Tornado Cash’s ability to anonymously make Bitcoin transactions has attracted the attention of regulators. Xu clarified that the exchange’s compliance mechanisms have always included canceling accounts that interact with Tornado Cash.
Compliance with International Sanctions
As the world’s leading cryptocurrency exchange, OKX adheres to strict compliance measures in accordance with international sanctions. This includes blocking accounts that interact with sanctioned entities like Tornado Cash, Garantex, and others. Xu stated that this approach is crucial for maintaining the platform’s integrity and ensuring a safe environment for users.
Response and Public Reaction
Rumors about OKX implementing a Tornado Cash policy caused concern among customers. Xu reaffirmed the exchange’s commitment to regulatory compliance and emphasized that the account suspension policy is not new. Most users operating within the law have nothing to worry about. The platform aims to provide a safe trading environment despite negative headlines surrounding privacy-conscious users.
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