Ouyi c2c regional self-selected transaction is missing

Reason for OYI to cancel self-selected transactions in C2C area: Regulatory compliance: Comply with anti-money laundering and counter-terrorism financing requirements. User Protection: Prevent fraud and abuse and create a safe transaction environment. Risk management: Simplify risk management and respond to fraud promptly. User feedback: Usage is low, Ouyi focuses resources on more popular features.

The reason why Ouyi C2C regional self-selected trading function has disappeared

Ouyi C2C regional self-selected trading function has been deactivated for the following reasons:

Regulatory compliance

In order to comply with Anti-Money Laundering (AML) and counter-terrorism financing (CFT) regulatory requirements, Ouyi canceled the C2C regional optional transaction function. This feature allows users to conduct transactions in specific countries or regions, but due to regulatory uncertainty, Ouyi cannot ensure the compliance of transactions.

User Protection

Removing this feature helps protect users from potential fraud and abuse. Regional discretionary trading provides criminals with a means to hide their identities and evade regulation. OUYI is committed to creating a secure trading environment, and removing this feature eliminates the risk of malicious actors exploiting this vulnerability.

Risk Management

Regional optional trading increases the complexity of risk management, making it difficult for Ouyi to identify and respond to fraud in a timely manner. Removing this feature allows OYI to focus on other risk management measures to provide users with a better trading experience.

User Feedback

Oyi has collected feedback from users and learned that the usage rate of the regional self-selected trading function is low. Therefore, Ouyi decided to cancel this feature and focus resources on more popular and useful features.

Alternatives

Although the regional self-selected trading function has been deactivated, Oyi still provides users with other C2C trading options:

• Fiat currency trading area: Allows users to directly exchange fiat currencies into cryptocurrencies and vice versa. Likewise.
• OTC trading area: Provide bulk trading services, assisted by experienced market makers.

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