Australia's First Regulated Cryptocurrency Exchange

One of the major obstacles to wide-scale cryptocurrency adoption is that crypto-asset service providers remain mostly unregulated. This is problematic because it affects the credibility of this asset class, as well as the industry as a whole. Enforcement of KYC/AML regulations remains a debated issue in the industry. In a study conducted by analytics firm P.A.ID Strategies, it was found that 68% of crypto exchanges are not KYC compliant. Not only does this deter contributors from putting money into an unsecured system, but it could also lead to money-laundering activities.

However, things are slowly changing for the better in today’s crypto regulations. Regulators are slowly recognizing the possible benefits of the crypto industry. In fact, the European Parliament even released a report that it’s a bad decision to completely ban cryptocurrencies. In addition to this, there are countries that such as South Korea that softened their stance regarding their ban on ICOs. South Korea even promises to implement G20’s unified crypto regulatory approach.

TAGZ Exchange aims to provide users with a regulated and registered the first Dual Gateway Exchange ecosystem. The exchange is registered with the Australian Securities and Investment Commission (ASIC). The absence of regulations can cause severe issues for crypto traders. With an operating license to conduct regulated exchange, consumers will be guaranteed a systematic, safe and stable network for their transactions.

TAGZ platform offers access to Traditional Crypto and Derivative Futures with the ability to trade both at the same time on one platform. They call this a Dual Gateway Exchange (DGE).

Traditional Crypto

Trade premium base pairs like Bitcoin, Ethereum, Litecoin & Altcoins against USD & AUD just the same way as your already used too.

Derivative Futures

Trade with up to 200x leverage on all TAGZ base pairs like BTC/TAGZ, ETH/TAGZ, LTC/TAGZ & XRP/TAGZ

The platform is expected to be launched in September and registration is already open for new users.

Regulatory clarity is seen as key towards another bullish run for cryptocurrencies. Changes in regulations can also decrease the risk presented by digital currencies to its investors. Some risks may include:

Flash Crash — Sudden downward spike in price usually caused by panic-selling and excessive volatility.
Pump & Dump — Pump and dump schemes artificially and rapidly increase the trading volume and price of specific asset.
Spoofing — Spoofing is a form of market manipulation by placing an order which the user doesn’t plan to actually execute to influence traders.
Lack of Due Diligence — Minimal or non-existent identity checks on customers from unregulated exchanges.
Fake Volume — Artificially inflated volumes from illegal wash trading.
Security Hacks — Exchanges not having a tight and stringent security policy in place.

TAGZ aims to solve those problem by creating an regulated ecosystem, high level security and leveraging cutting-edge technology, including: Smart Artificial Intelligence (AI) Engine.

Conclusion

With a regulated crypto exchange, institutional investors may feel more comfortable placing their funds in the market. There is currently a lack of platforms for institutional and wealthy investors to put fiat currency in in a way where they can feel protected as they might normally invest.

With more participation from institutional investors, volatility in the market may be reduced, liquidity could increase and the market should become more mature. If a Bitcoin ETF is approved by the U.S. Securities and Exchange Commission (SEC) in August or September, the decision could have a very important impact on cryptocurrency prices, as this would signal another step toward regulated crypto exchanges across the globe. For now, the Australian decision is a big step forward for regulation within crypto investment.

Project Contact Information:

Website: https://www.tagz.com/
Whitepaper: https://tagz.com/wp-content/uploads/tagz_whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5124779
Telegram: https://t.me/tagzexchange
Facebook: https://www.facebook.com/tagzexchange/
Twitter: https://twitter.com/tagzexchange

My Bitcointalk Username: Tpq01349
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1972940