Singapore’s ecxx.com Accepts Personal Data Verified By MyInfo

Asia Blockchain Review
October 29, 2019

The integration between ecxx.com, a Singapore-based digital asset exchange service, and MyInfo is expected to facilitate the trading of popular cryptocurrencies such as Bitcoin and Ethereum. as users can now authorize the platform to retrieve their personal data stored on MyInfo’s database. 

Verified personal data is required to complete the verification process of digital currency trading on ecxx.com.

Encouraging Cryptocurrency Adoption

ecxx.com is the first digital asset exchange to integrate MyInfo for its platform and mobile app. According to Co-founder and CEO Branson Lee, the integration will lead to improved regulatory compliance and encourage digital cryptocurrency adoption. 

Lee said, “Through this service, we hope that more Singapore residents are confident in dipping their toes into the crypto industry, and we can help build greater trust amidst the growing cryptocurrency market.”

To prevent potential online scams, ecxx.com monitors transactions to detect any suspicious funds, with plans to collaborate with other players in the fintech and blockchain sectors to protect consumers.

“While a user might have verified identity, which enhances the level of accountability, we are still cautious of potential scams online. That’s why we have also started on-chain transaction monitoring for detection of any suspicious funds and will actively engage various fintech and blockchain communities to guard against unsavoury activities targeting consumers in this nascent technology,” Lee explained.

Workshops have been arranged regularly by ecxx.com to educate the public on safe digital asset transaction and blockchain implementation for business.

What Is ecxx.com?

As the brainchild of experienced blockchain developers Branson Lee, Weixiang Zhong, and Hong Ean Tan, ecxx.com is designed for both professional traders and retail investors, allowing them to buy, sell, and store digital assets. The platform runs on its own in-house proprietary system.

Source: e27.co


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Global Islamic FinTech 2020: A Digitalised Economy Growth To Look Out For
    If you are new in this sector, Asia Blockchain Review is ready to get you started on the whole missi...

    February 26, 2020

    Earn while You Sleep with Crypto Staking
    As the crypto-driven revolution continues to take the financial world by storm, the crypto sector ha...

    February 25, 2020

    pitchIN: Leading the Way for Crowdfunding in Malaysia
    When it comes to the crowdfunding space in SEA, a name which rings a bell with most industry players...

    February 18, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us