AENX ANNOUNCEMENT: Update on KYC Modification

AENCO Ecosystem
2 min readSep 15, 2021
Go visit: https://aenxchange.com/announcements/

Dear community and users,

Upon our routine maintenance procedures and review we have identified incorrect user balances within our platform for a small number of users, resulting from miscalculation in deposited amounts. Therefore, in order to protect the interests of all our users, we have found it necessary to roll back system records to the specified time of Tuesday, 14 September 2021, 06:41 UTC. This adjustment resulted in temporary down time of the system and normal service has since been resumed.

As the regulatory landscape and user expectations from our community continue to evolve, we would also like to take this opportunity to advance our verification / KYC procedures and requirements. To better align our verification requirements with global standards, as well as to responsibly support global AML/CTF efforts, we are encouraging users to complete account verification procedures, and imposing the following withdrawal limits:

1) Unverified accounts: 0.06 BTC or equivalent lifetime withdrawal limit;

2) Completed Standard KYC only: 0.1 BTC or equivalent lifetime withdrawal limit;

3) Completed Enhanced KYC: 5 BTC or equivalent 24 hours withdrawal limit.

Terms of use and information on https://aenxchange.com have been updated correspondingly.

We apologize for any inconvenience caused. But we endeavor to continue building a socially responsible platform that protects our users at all costs. Thank you for your attention and ongoing support.

The AENX Team.

Go visit: https://aenxchange.com

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All Rights Reserved. 2021. Aenco Limited consists of a team with strong corporate management experience from global investment banks and financial institutions, as well as blockchain technologists and enthusiasts. Aenco believes that an end-to-end solution platform is essential to fully support fintech innovation. Other than the core blockchain component. Aenco focuses on real-life challenges of digital financing for both fintech projects and the investing community. This is the Aenco Ecosystem.

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