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eXch criticised AML practices across the crypto industry as ineffective, arguing that KYC and AML policies were based on unreliable scoring systems and easily bypassed screening tools
eXch emphasised that it never intended to enable illicit activities and said it was shutting down to avoid being wrongly criminalised for its privacy-oriented design
eXch praised THORChain for maintaining its decentralised principles by resisting industry pressure to implement protocol-level screening mechanisms, especially in response to the Bybit hack

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Privacy-focused exchange eXch to close on May 1

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