During the "TimeStamp" summit held in Singapore on September 11, ChainUp CEO Sailor Zhong shared his insights, emphasizing the need for enhanced cooperation among regulatory agencies when addressing cross-border compliance challenges. It is also necessary for crypto businesses to elevate their compliance standards, while regulatory bodies should strengthen the research and application of regulatory technologies to effectively manage potential risks. When discussing how exchanges can improve their AML and KYC processes, Sailor Zhong highlighted the importance of strengthening identity verification measures like conducting thorough background checks on qualified investors. Additionally, collaboration and information sharing are essential, and exchanges should regularly review their AML and KYC processes.