The Importance of Team Dedication and Integrity
Coinxes P2P News
The previous reputation that plagued the crypto-currency industry of being an outlet for money laundering, general criminal activities and even funding for terrorists has been a wake-up call for genuine pioneers in this industry.
Of course “sharp business practices” have been always been a part of the business world but the potential to be involved with funding drugs and terrorism is on a different level altogether.
Anti-Money Laundering procedures (AML) has helped to put the brakes onto the spread of illegal crypto-trading but it’s currently not regulated so the onus is on the service providers themselves to implement the AML protocols.
This brings us to the importance of having a team that is dedicated and demonstrates integrity.
You want to make quick millions? Set up a crypto-currency exchange that doesn’t use KYC, so anyone can register and begin trading. But then you can expect the FBI to come-a-knocking!
But the temptation to make quick bucks is always there. The CEO and co-founders have to be sure that they all share the same values and that anyone they employ also is opposed to any illegal involvement.
Always holding to the highest standards of AML
Immediately implementing new AML protocols as soon as they’re introduced
Rejecting potential traders who do not pass KYC
Resisting “short-cuts” that maximise profit but compromise integrity.
Dealing with customers openly and honestly
Rejecting illegal trading in all its forms
Providing a product that genuinely benefits the customer
Consistently communicating with customers and industry experts to ensure the product and service is always of the highest standard
A team of integrity and dedication will provide a product that will rise to the top of the pile and provide a service that customers and investors alike can count on.