How A Crypto Exchange Decided To Be Regulatory Compliant

With the $1tn digital asset market in crisis this week, with further fallout suspected, it’s interesting to see how one firm decided that regulation was key to its business strategy.

Corlytics client is a relatively new blockchain cryptocurrency exchange providing a high-performance trading environment headquartered in the Americas but with an Asian-based compliance function.

They could see that there was increasing scrutiny around digital exchanges and crypto assets, and to help secure their future regulatory position, they decided to implement Corlytic’s regulatory risk platform in advance of launching.

The implementation was during the lockdown, but due to Corltyics having a SaaS solution, the implementation did not require travel – a truly digital implementation for a fully digital company.

The Benefits Of A Digitial Implementation

Our client was able to enjoy a number of benefits, including:

  • Access to real-time global regulatory updates in one central platform.
  • The reduction in regulatory ‘noise’ and the ability to filter regulatory content specific to their firm.
  • The speed of getting a fully digital solution implemented and live.

You can read the full case study here.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

Posted in Case Studies

Leave a Reply

Your email address will not be published. Required fields are marked *