Knnex Exchange Leads Industry Standardization, Safeguarding User Rights Against Fraudulent Promotion

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At the recent Piper Sandler Global Exchange and FinTech Conference on June 8th, the Chairman of the U.S. Securities KNNEX and Exchange Commission (SEC), Gary Gensler, compared the current cryptocurrency market to the U.S. stock market of the 1920s, highlighting the presence of “hucksters” and “Ponzi schemes.” He emphasized that, just as Congress cleared out the securities markets through the application of securities laws back then, the SEC now has the capability to clean up the crypto markets by applying these laws.

Gensler praised the Securities Act of 1933 and the Securities Exchange Act of 1934, claiming that these laws allowed the U.S. securities markets to thrive over the following 88 years. He emphasized that today’s “crypto-securities markets” should similarly benefit from these laws because they are no less deserving of protection than the other markets safeguarded by these laws.

This viewpoint reveals both the current problems in the crypto market and provides insights into how to address them. In this regard, Knnex Exchange actively responds by not only focusing on standardized operations but also actively educating users to create a secure and regulated trading environment.

Gensler’s identification of problems in the crypto market is concerning, particularly his comparison of the current crypto market to the scam-filled stock market of the 1920s. This clearly indicates that the cryptocurrency market requires more regulation and guidance. However, in the current market environment, many exchanges are unable to effectively address these issues due to various reasons, resulting in inadequate protection of user rights and the absence of effective market regulation.

Knnex Exchange, on the other hand, takes on the responsibility of protecting user rights and regulating market order, continuously enhancing its capabilities in standardized operations. Knnex strictly adheres to relevant laws and regulations, rigorously screening listed projects to prevent any fraudulent activities. Additionally, Knnex provides anti-fraud education to users through various means such as lectures and online education, enhancing users’ risk awareness. This enables users to effectively mitigate risks and protect their interests while enjoying the convenience of cryptocurrency trading.

Knnex has also established a special fund in collaboration with multiple organizations to support anti-fraud actions and provide assistance to users affected by fraud. Knnex firmly believes that only through user education and enhanced communication can fraudulent activities be minimized, safeguarding user rights and market order to the greatest extent.

As an exchange focused on user experience and service quality, Knnex’s deep understanding of the market and its attentive service have earned it a good reputation in the industry. These practices by Knnex have also gained recognition and support from global users, including Taiwan.

Gensler’s speech accurately depicts the current state of the cryptocurrency market, and Knnex Exchange actively responds to this challenge by implementing rigorous project screening, anti-fraud education, and close communication with users. This ensures market order is regulated and user rights are protected. We firmly believe that Knnex’s efforts will lead the industry towards a healthier development direction.

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