2 years ago
KuCoin, the cryptocurrency speech recently interviewed connected the SlateCast, person announced that it volition beryllium engaging with the planetary audit, tax, and advisory firm, the Mazars Group (MG).
MG volition supply a third-party factual findings study that KuCoin’s existing and prospective customers tin reappraisal for further transparency, and to measure the collateralization of in-scope assets held by the exchange. The MG study volition besides supply Proof of Reserves (PoR) and lawsuit liability.
The CEO of KuCoin, Johnny Lyu, commented connected this latest update:
“As the People’s Exchange, we spot the information and information of our users’ funds arsenic our topmost priority. Working with Mazars is the adjacent measurement successful our efforts to summation plus visibility for our users, highlighting our committedness to transparency and strengthening manufacture trust. KuCoin has been committed to providing users with safe, easy-to-use platforms and products since time one, portion making continuous advancement successful idiosyncratic protection, transparency, and hazard management. It is simply a large pleasance to prosecute with Mazars, a starring audit, taxation and advisory firm, to supply users with a reliable, credible level during a clip of turbulence and to beforehand the improvement of the industry.”
KuCoin Partner and Digital Asset Lead, Wiehann Olivier, said “following caller events, determination is simply a dire request successful the manufacture for further transparency.”
“We are assured that Mazars’ PoR work offering to KuCoin and different planetary cryptocurrency exchanges volition assistance successful gathering spot done transparency.”
Customers volition beryllium capable to find the published study connected the authoritative KuCoin website successful a fewer weeks’ time.
The station KuCoin announces third-party PoR verification procedures appeared archetypal connected CryptoSlate.
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