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Decentralized Exchange (DEX)
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Decentralized exchanges or DEXes are a subset of decentralized finance protocols that enable users to trade in cryptocurrencies and tokens without a central organizing body. Whilst centralized exchanges rely on their compliance departments and Money Laundering Reporting Officer (MLRO) to counter fraud, deploy AML/KYC/CFT checks and maintain proper risk management procedures – DEXs rely on…

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