A platform called Hodl Hodl is offering a peer to peer bitcoin exchange that can be cloned from github code.
Speaking at the Baltic Honeybadger conference at Riga, CTO, Roman Snitko reportedly promoted the exchange as a “Bitcoin smart contract app store” and pointed out that in the case of regulatory action, the whole thing could simply be cloned by users.
Hodl Hodl has made headlines for not using KYC/AML standards, offering “anonymous” trades. It’s notably different from the traditional exchange in that it does not hold funds, preferring a more lassaiez –faire approach.
“Hodl Hodl is averse to holding the sensitive personal information that financial institutions are mandated to collect from customers under global anti-money-laundering (AML) regulations,” wrote Anna Baydakova Sept. 14 at Coindesk.
A landing interface for the multisig exchange shows off trade workflow steps and key features, also name dropping important clients and showing trading pairs available on the exchange.
Baydakova suggests that Hold Hodl may at some point come under pressure as the crypto community becomes more integrated in global finance.
‘Regulators across the globe are tightening the screws on the industry to identify the parties to transactions,” she writes, calling Hodl Hodl a “rare animal” in today’s crypto world. “Most notably, the Financial Action Task Force (FATF), an intergovernmental body, has directed its member countries to make exchanges collect and store information about who their customers trade with.”
Still, Hodl Hodl people argue that since the exchange doesn’t take control of assets, it is exempt from these blanket policies put in place by wary national governments.
Take a look and consider how these P2P options could change with a changing market.
