tbDEX is the first Bitcoin product TBD

It will be the first product of Bitcoin TBD Bitcoin TBD he is TBDix / tbDEX.

It is a decentralized exchange that can be considered “cash flow protocol. This is due to the recent official decisions.

You don't need a network Bitcoin With permission to access, anyone with an Internet connection can access its site at any time.

Stock exchange has reported TBD In a post on an announcement TBDix:

“We live in a world that deals in currencies that have no real assets called (Fiat).

Banking systems require endless requirements to open accounts in them.

This leaves a large proportion of people unbanked, in need and exposed to risk.

We believe that the economy should be inclusive, and we need to build a future society in which everyone can contribute to the economy.”

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What is guess value?

Aims TBDix To connect the worlds of currencies Assetless” (Fiat) and cryptocurrencies, for clarity.

We still live in a world that deals in currencies (Fiat) And if you succeed Bitcoin There will be simpler and cheaper ways of living.

And present us with difficult challenges to achieve this vision, the rules of the currency Fiat Regulated, there is no confrontation between the traditional financial system and the real world and can be currency Fiat Not completely reliable.

So, what solutions does Bursa offer? On The TBD? and protocol TBDix / tbDEX It will allow shareholders to interact and deal with each other through a stock exchange Bisq Botched and other similar stock exchanges.

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In any case, it will allow TBD For users and mutually and voluntarily rely on a third party trusted by the two parties to guarantee the opposite team.

And through the official decisions themselves hope TBD That the participating financial institutions contribute BFIS PFIs in the work network.

The financial institutions can be contributing BFIS PFIs comp fintech, local banks, major institutional banks, and other financial institutions.

These financial institutions will be allowed to contribute BFIS PFIs Access to currency payment systems Fiat As well as facilitating payments Fiat To speculate on the asset exchange for cryptocurrency tokens and vice versa.

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TBD Dix Stock Exchange tbDEX Institutions will be provided with means of safety

will introduce a protocol TBDix Security tools for financial institutions such as “Procedures” know your customer” KYC, And" Anti money laundering“، AML.

The protocol will also conduct a data integrity survey of the participating financial institutions BFIS PFIs To perform an audit to ensure that the transaction is free of any claims to “Anti money laundering” AML, or conduct know your customer“ KYC.

However, the necessary information may be available to the judiciary. And the nice thing is, the shareholders don't have to deal with these bodies, they don't want to. They can communicate with each other and establish trust among themselves

This is what is important for official decisions:

The protocol facilitates decentralized networks of exchanges between assets by providing a framework for building social trust, by taking advantage of “decentralized identity", And" Document checking To establish sources of identity data in the real world.

Notably, the protocol itself does not collect or record identification data. However, if the client wants to hide his identity, that is his responsibility, then we will have to take the official procedures again.

The purpose is not to anonymize, nor to diminish a person's ability to apply anonymity.

Nothing obligates the exclusion of anonymous financial transactions for reasons of privacy on the Bursa network TBDix. In principle, financial institutions do not call for participation. ”reliable data“ But such transactions can bring significant risks to the opposing team.

The transaction cost will be higher due to the withholding of the name, and the transaction with the poison being shown will cost less fees.

The initial draft of the official documents is intended to establish an initial understanding of what the elaborate protocol looks like for TBDix / tbDEX. It must be considered complete and final.

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