Yug Network

An on-chain decentralized protocol with a built-in world's first compliant wallet. #CompliantDefi #OnChainCompliance #CompliantWallet #KYC #AML

[Yug Network @YugNetwork]

Alarming but not surprising.

Decentralised compliance could pave way to mitigate risks!

https://t.co/bmpaeh7sjt

#CompliantDefi
#hackedagain
#crypto
#web3

[Yug Network @YugNetwork]

According to @Cointelegraph, @binance plans to hire 1,000 new employees this year, with 20% focused on compliance, expanding their #compliance team to 700 by the end of 2024.

In the #crypto space, strong compliance is essential for #global operations.

Is your #business ready?

[Yug Network @YugNetwork]

🔗 Read more about the use of Crypto to evade sanctions in an article by @jaihamidd published on @CPOfficialtx

https://t.co/ejgynlP1x7

[Yug Network @YugNetwork]

🧵 #Cryptocurrencies offer financial freedom but can also be misused by sanctioned entities and terrorist organisations. Here’s why #compliance is crucial to prevent this.

[Yug Network @YugNetwork]

🛡️ The #crypto industry must prioritize compliance, not just to meet #regulations but to protect against misuse by malicious entities.

[Yug Network @YugNetwork]

🚨 In conclusion, while Crypto trading can be lucrative, it's fraught with risks.

Understanding and mitigating these dangers can help you avoid losing money.

Always trade wisely and stay informed!
#Crypto #CryptoTrading #Web3 #Compliance

[Yug Network @YugNetwork]

🧵6 Dumb Ways to Lose #Money in #Crypto 🚨 Trading crypto can be rewarding, but it's filled with risks.

Here are some of the dumbest ways to lose money in the crypto world.👇

[Yug Network @YugNetwork]

6. Market Manipulation Heist 🎭
The crypto market is prone to manipulation by powerful entities. #Pump-and-dump schemes are common.

Conduct thorough #research and be cautious of schemes promising quick #profits .

https://t.co/KuRGldLi19

[Yug Network @YugNetwork]

Regulators don’t want box-ticking.

For a line of defence against frauds and criminal activity, a comprehensive compliance solution should go beyond just KYC!

https://t.co/cLczsQUz69

#CompliantDefi #stablecoin #crypto #web3 #blockchain

[John Paul Koning @jp_koning]

Seems like a big deal for stablecoins.

The Swiss financial regulator, FINMA, says that the identity of anyone holding a stablecoin must be "adequately verified by the issuing institution."

So the KYC-lite model that stablecoins have relied on till now won't fly in Switzerland.

[Yug Network @YugNetwork]

DEXs have reached a record high mkt share of 14.22%, surpassing CEXs in Monthly Trade Volume.

As DEX popularity surges due to enhanced #security and #privacy, #compliance remains essential to ensure long-term growth and #stability .

#CompliantDefi

https://t.co/0jhbddNyZT

[Yug Network @YugNetwork]

For a deeper dive into these issues, check out the full article on Cointelegraph. Stay informed!

[Yug Network @YugNetwork]

Here's a Twitter thread summarising the @Cointelegraph article by @intrinsicdefi (https://t.co/5StBdMwxgF) on the potential issues a new SEC chairman under Trump might tackle:

[Yug Network @YugNetwork]

Trump has shown fluctuating views on crypto. His administration's policies could shape the future of the crypto industry in the U.S. What are your thoughts? #CryptoPolicy