Singapore, May 30, 2022 (GLOBE NEWSWIRE) — On May 27, 2022, when answering the question “how to interpret the need for exchange compliance”, in an interview, Jubi Exchange CEO Jeff said that Jubi had a full presentation of compliance and innovation. Developing compliance is the only way for exchanges to become lions within the industry. Only trading exchanges that integrate security and supervision can protect users’ assets and truly serve every user well and efficiently in the long run.
Jubi sets up new compliance department for global expansion.
Jubi, founded in 2013, is one of the world’s leading digital asset trading platforms. He is also an ardent cultivator in the industry, constantly active in blockchain, digital assets and cryptocurrencies. A professional digital asset trading platform for over nine years, a brand known for providing safe, stable and fast digital asset trading and derivatives trading services to over 2.3 million users worldwide. more than 20 countries.
Jubi has always adhered to the principle of compliance throughout the early development of the industry. We continuously monitor compliance and adjust our products to meet the highest standards. We have a new global strategy stemming from an enriched ecosystem surrounding Jubi, which will secure our place as a powerful promoter of the digital asset industry and the Web3 world that consistently brings value to the blockchain industry.
Industry development in conjunction with compliance
Recent high-level industry adoption and integration, such as El Salvador’s designation of Bitcoin as legal tender or Coinbase’s Nasdaq listing, show widespread confidence in the industry’s long-term development. . Only with the continued development of fully compliant platforms and services can we expect this level of adoption to continue and allow the industry to reach its full growth potential.
Jubi has always been aware of the importance of compliance for good healthy development, being the first compliant digital asset and derivatives trading platform with risk control and financial product management in Singapore. In 2020, Singapore Uniweb Group acquired Jubi.com and launched Ju.com, with a new fully integrated focus on compliance.
A strict system of financial products
Uniweb, the parent company of Jubi, started cross-border payments as early as 2015 and leads the business of outbound settlements, cross-border settlements, KYC, risk control and technical operations. Its partners include Ant Financial, WeChat Pay, UnionPay and Grabpay, Singapore’s largest e-wallet. Uniweb provides Jubi with deep industry experience and resources to draw upon when building KYC systems that comply with traditional financial standards.
Additionally, Jubi’s location is in Singapore, a global center for innovative financial technologies like blockchain, where the local government is encouraging the development of cryptocurrency and trading. Political support and an enabling environment are helping to accelerate Jubi’s position and establish it as a central player in the blockchain industry.
The Monetary Authority of Singapore has granted Jubi Exchange an exemption to allow trading in digital assets due to the company’s payment business. The MAS exemption license covers cross-border payments, clearing and acquiring. Jubi’s fundamental business fundamentals and strict procedures give the company clear compliance advantages. Going forward, Jubi plans to explore transaction transparency, fiat currency transactions, and other industry segments where compliance is a critical factor.
Starting in March 2020, after receiving the MAS exemption to operate, Jubi’s compliance saw significant progress, with the brand actively promoting compliance globally, laying the foundation for international development.
Build and develop a global ecosystem
Jubi is building a distinct product ecosystem with mature risk control and security, serving the whole industry with the concept and attitude of being responsible for the industry, users, products and the market. We rely on our compliance features to help our partners fulfill the purpose of Web3, and we believe they are essential for continued development.
Digital assets are becoming the new investment of choice for traditional investors, and exchanges are usually the first step for them to invest in the asset class. We believe that exchanges should be more responsible. In addition to building a compliance-based product framework and ecosystem, Jubi also pays close attention to user education.
Digital assets are different from traditional investment assets. They have higher cognitive demands for investors, understanding the fundamentals of the blockchain industry. Especially with the diverse development of emerging Web3 sectors, such as NFTs, GameFi, SocialFi and the Metaverse, a clear understanding of the industry is mandatory for investors.
Jubi builds various repositories to allow each user to accumulate a knowledge base on Web3 infrastructure and investment concepts. Additionally, Jubi plans to develop rich ecosystems across industry domains, launch DeFi products, integrate GameFi, and build in the Metaverse. Jubi helps users prepare for the new Web3 world.
Create safe long-term investments
Jubi’s founding team believes that security and regulation is the best way for the exchange to protect user assets and effectively serve every user in the long run. Jubi will actively obey the policies of various countries, striving to develop the best possible way within the necessary supervision and regulations of multiple jurisdictions to provide users with a safe and secure long-term investment service.
Jubi stands at a new starting point, with an attitude of adapting to the requirements necessary to promote the healthy development of the industry. However, without changing our initial concept of embracing regulation and attention to user needs. Jubi enables users to have more investment choices and opportunities so that every crypto investor can reasonably and legally obtain the right to trade crypto assets.