OpenRelay, a Kansas-based decentralized cryptocurrency exchange (DEX), said on Monday that it would take several steps to ensure that the company respects US laws and regulations. The move is prompted by the Securities and Exchange Commission’s (SEC) actions against another DEX, ErherDelta, whose founder was charged and fined for operating unregistered securities exchange, last week.

OpenRelay will change its terms of use and will make them obligatory for users, the firm’s founder, Austin Roberts, explained in a blog post. Until now, the policies have been voluntarily, but soon every trader will be allowed to make orders only after signing the updated measures. Moreo…

This article appeared first on Cryptovest

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