For those of you that follow the cryptocurrency and blockchain space, you know that regulatory risk is quite possibly the greatest risk for crypto exchange businesses and other virtual asset service providers (VASPs). A former FATF official communicates candidly in the Coindesk article below how important it is for VASPs to get in front of this. 

While BlockQuake has many key advantages over existing exchanges, including the major exchanges, one area we stand head and shoulders above all other crypto trading platform companies is around managing regulatory risk. A large part of our team comes from traditional financial services, banking and insurance and have specific experience around compliance, risk management, and audit around domestic and global regulatory matters on the financial, operational and technology sides of the industry. Ensuring we are addressing regulatory compliance as we build is always top of mind. We owe it to all of our investors to build this company for the long haul. 

No other exchange company comes close to our regulatory knowledge, including the major ones, that's why some have tried to poach us but we're committed to bringing trust, transparency and maturity to the space for all participants. 

When BlockQuake started in 2018, we predicted then many of the clarifications and enforcement actions we are seeing now around KYC, AML, FATF, FinCEN Travel Rule, etc. There is still so much more to come around securities laws, commodities and derivatives rules, amongst many more. 

If you're a potential investor in a company that has a crypto exchange, you should feel confident that they specifically have this risk in their line of vision and the BlockQuake team has been more forward thinking than any other exchange company when it comes to this. 

We also need crypto exchanges like ours that put customer protection first. For anyone that has followed economic booms and busts in the past, specifically around the dot come bubble, the real estate bubble, and the beginning days of retail FX trading becoming mainstream, you know that history repeats itself. Any industry that is here to stay such as the crypto/blockchain markets will eventually be regulated to provide protections to customers, traders and investors in this space. As we've seen in the past, companies that do not pivot towards compliance eventually close up shop and go out of business. 

With BlockQuake being the only crypto exchange company allowing the ordinary everyday person and general public globally the chance to participate in ownership, we are the clear choice for potential investors. We are also highly discounted with our valuation when compared to other big name companies that will eventually lose some of their business to us. Did you know most of the top exchanges by trading volume are technically operating illegally? How long do you think they will last? In addition to us creating new and broader access to the markets and being the only exchange to address some existing gaps, as well as naturally having business come to us from other exchanges once we launch this quarter, we will also see a pickup of more customers as some of these other exchanges shutter over time due to noncompliance. 

Our statements may be bold, but the numbers, market data, and trends back up everything we believe and say. 

Thank you for taking the time to read our post and the associated article. If there are any questions, please feel free to reach out. The spot crypto exchange business is just the tip of the iceberg for us. There is so much more to come and you, the investor, will be able to participate in all of it because you are investing in the parent company. 

https://www.coindesk.com/crypto-apply-safety-lessons-financial-system