Koinex Founder Rahul Raj was interviewed at the recently held International Blockchain Congress by Kashif Raza for Crypto Kanoon. The interview reveals some interesting information about how Koinex goes about a few of their processes.
It also gives us insight into their KYC processes as well. It's worth noting that Koinex tried to help the Indian government by providing a dashboard with API to share data of its users with the government but it seems as though it didn't work out. You can learn about it and more in the video below.
Crypto Kanoon is a collective group of individuals that serves as platform for regulatory news & analysis, blockchain events and startup advisory in India.
Koinex has started loop which offers easy P2P services. However their KYC feels cumbersome to me and in the past I didn't use them mostly due to the higher fees for withdrawals etc. But they are in this for the long run and have approached the government to make it easy for them to run their business.
However KYC is mandatory im a little unhappy about how our private data is shared around so much by these agencies. Anyways, it's a price we'll need to pay if we want to trade freely and legally.
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