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Web3 Compliance Solution KNOW YOUR RISK Launched, Focusing on Singapore and Hong Kong Regulations
Web3 Compliance Solution "KNOW YOUR RISK" Officially Launched
In the blockchain field, meeting regulatory requirements has become an unavoidable topic. Recently, multiple legal incidents involving cryptocurrencies have raised industry concerns about compliance issues. To address this challenge, a Web3 compliance solution named "KNOW YOUR RISK" was officially launched on August 9.
KNOW YOUR RISK is a compliance and financial solutions provider focused on the Web3 space. It aims to help centralized cryptocurrency exchanges, crypto funds, custodians, and decentralized blockchain projects address compliance issues in Singapore and Hong Kong. The solution covers the complete service process from risk identification to problem resolution, including four key steps: identifying risk points, analyzing risk points, providing solutions, and implementing and reviewing.
The project is initiated by a team with rich industry experience, with members from leading exchanges, the Big Four accounting firms, and crypto project parties. This professional team can provide comprehensive customized solutions for clients in the digital asset and financial sectors.
The official website of KNOW YOUR RISK provides a simple yet comprehensive risk assessment tool. Users can gain an initial understanding of the potential risks a project may face by answering a series of multiple-choice questions. Upon completion of the assessment, users can receive a free risk assessment report that covers various aspects such as strategy, legal structure, regulation, anti-money laundering/know your customer, risk management, accounting, and operations.
It is worth noting that the business focus of KNOW YOUR RISK is on the two Asian economic centers of Singapore and Hong Kong. These two regions are actively formulating transparent and clear policies to attract and support fintech and blockchain companies. For example, the Monetary Authority of Singapore offers a "sandbox" program for startups, while Hong Kong has implemented new regulatory guidelines for virtual asset trading platforms starting June 1 of this year.
The services of KNOW YOUR RISK cover several key areas, including Web3 financial due diligence, Web3 accounting, and Web3 legal and compliance. These services are designed to help clients obtain licenses more quickly, pass audits, and ensure compliance with all local laws and regulatory requirements.
In the current highly volatile and constantly changing cryptocurrency industry, understanding and managing risks has become particularly important. KNOW YOUR RISK not only helps crypto businesses identify risks and meet compliance requirements, but also provides strong support for the sustainable development of these businesses. By combining the experience and knowledge of a professional team, KNOW YOUR RISK can provide practical and feasible solutions for the unique needs of this emerging field.