AEX Exchange: Controlled Assets Can’t Be Released Quickly; A “Soft Redemption” Method Will Be Used

Currently, the AEX Exchange has announced that the controlled assets cannot be released in the short term, and a “soft redemption” strategy will be adopted instead.

The cryptocurrency exchange AEX revealed that it has been under investigation by regulators since July of this year and has banned currency withdrawals. 

Some executives on the platform have been subjected to mandatory measures. The restrictions may not be abolished in the near future.

AEX announced a “soft redemption” approach that includes repurchasing AUSD from the AUSD/USDT trading pair every Monday to ensure that AUSD is deflationary, adding USDT to the pool every Wednesday to create liquidity, and buying USDT from uniswap every Friday. Repurchase AUSD in the trading pair AUSD-USDT.

It is anticipated that the “Platform Situation Description and Solution 2” will be published in the not-too-distant future in order to expand the selection available to customers and improve the effectiveness of payments.

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