OAX Foundation Announces Partnership with KYC-Chain to Bring Compliance Controls to Digital Asset Trading

OAX
OAX
Mar 19 · 2 min read

HONG KONG — 19th March 2019 — OAX Foundation and KYC-Chain have today announced an agreement to promote strong governance standard in digital asset trading. Partnering with one of the world’s leading KYC solutions is another important step for OAX towards bringing digital asset trading to the mainstream of financial markets.

Strict compliance standards, including Know Your Customer (KYC) and Anti Money Laundering (AML) controls, are critical to the successful development of the digital asset industry. Since its launch, OAX Foundation has worked with leading law firms and consultancies to develop the best approach to promote strong governance. The agreement with KYC-Chain is a part of this process and demonstrates the Foundation’s commitment to upholding the highest standards.

Since 2014, KYC-Chain has helped service providers to manage their customer data securely and conveniently. Its state of the art KYC management suite provides users with an intuitive onboarding experience, and platforms with a compliant solution straight out of the box. It has partnered with Standard Chartered to build and test KYC concepts, and was a finalist in the 2016 Fintech Innovation Lab Asia-Pacific.

Amanda Liu, General Manager of OAX Foundation, said, “We’re committed to upholding the highest governance standards, and agreements like the one we’ve announced today are a core part of how we do that. Through working with solution providers like KYC-Chain, OAX Foundation is helping make crypto trading a part of the financial mainstream.”

KYC-Chain founder Edmund Lowell said, “We are very proud to be partnering with OAX Foundation. KYC and AML have become essential parts of running a business. Our experience in the industry has shown that we can add value by adapting the necessary compliance tools for both the current and future climates.”

About OAX Foundation

OAX Foundation Limited is a Hong Kong-based entity set up to develop and promote digital asset trading for the mainstream. It aims to build a sustainable digital asset industry based on principles of openness, transparency, and strong governance.

About KYC-Chain

KYC-Chain provides state of the art compliance solutions for businesses of all sizes. Since 2014, the leading Compliance Software has helped process over 500,000 KYC applications in a cost-effective and scalable way.

For more information, please contact:

OAX Foundation
Kelvin Wong
kelvin@oax.org
+852 6037 5705

KYC-Chain
Chris Grundy
chris@kyc-chain.com
+49 176 805 29075

Cognito
Dan Bradley
dan.bradley@cognitomedia.com
+852 6145 7455


Got a Question?
Want to know the latest from OAX Foundation?

More about OAX Foundation
Website: www.oax.org
Medium: medium.com/@OAX_Foundation

Reach out to OAX Foundation via
e-mail:
Collaboration Proposals: ProjectStallman@oax.org
Other Inquiries: Info@oax.org
Social Media:
Discord: discord.gg/ZH5YHkb
Youtube: bit.ly/2Bvsk73
Twitter: twitter.com/OAX_Foundation
LinkedIn: www.linkedin.com/company/oax-foundation/
BitcoinTalk: bitcointalk.org/index.php?topic=1943946
Reddit: www.reddit.com/r/OpenANX/
Telegram English: t.me/openanxteam
Telegram Chinese: t.me/oax_cn

OAX

Written by

OAX

OAX is a new, decentralized, digital asset ecosystem initiative run by the “The OAX Foundation Limited”. Go to http://www.oax.org to learn more.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade