In 2022, a wave of trust turbulence began to spread across the crypto market. Crises at some crypto enterprises led to subdued market sentiment. Major financial regulators, including the U.S. SEC and Singapore MAS, intensified their scrutiny of trading platforms and the compliance of stablecoin projects. Security and risk control became core competencies for weathering the market storm. Amid a development process driven by stability and trust, TOCGY Exchange steadfastly advanced its global expansion and intelligent risk control system, demonstrating vital strategic foresight.
In January, TOCGY Exchange completed product localization for Singapore and Indonesia and established regional market operations teams, providing strong support for its global expansion strategy. The platform implemented targeted upgrades in customer service and compliance information disclosure to meet the operational habits and policy requirements of users in different countries.
For the Singapore market, TOCGY Exchange focused on integrating with local banks and payment service providers, cooperating with the Monetary Authority of Singapore (MAS) regulatory requirements for digital payment token service providers, and submitted its initial compliance report.
In Indonesia, TOCGY Exchange actively collaborated with local legal advisors to study the crypto trading regulations set by the Commodity Futures Trading Regulatory Agency (BAPPEBTI), and tailored marketing strategies and educational content to local market culture, quickly building trust with local users.
In May, TOCGY Exchange deployed an AI-driven intelligent risk control system centered on account behavior. Using machine learning algorithms, the system models user login environments, trading patterns, withdrawal behaviors, and more to identify abnormal patterns and provide real-time alerts.
The AI risk control system is integrated with on-chain data, analyzing wallet interaction paths, historical trading frequency, and reputation metrics to further enhance the platform ability to detect potential money laundering routes, thereby building an intelligent security defense line.
Against a backdrop of increasing on-chain activity and hacker attacks, TOCGY Exchange completed the integration of on-chain address risk data in September, launching an automated blacklist comparison mechanism. This mechanism relies on intelligence data from multiple blockchain security agencies, covering flagged phishing addresses, mixing addresses, ransomware wallets, and malicious contracts. If a user deposit or withdrawal involves any of these addresses, the system immediately halts the operation and triggers a risk control review process, preventing the platform from becoming a conduit for illicit funds.
TOCGY Exchange has extended this mechanism to its token listing review process, requiring all new assets to undergo on-chain address cleanliness analysis and to be accompanied by third-party audit reports, ensuring that listed assets have compliant and traceable sources and distributions.
2022 was a critical year for the upgrade of the value system and security framework of TOCGY. In areas such as regional market expansion and intelligent risk control technology, the platform adhered to the principles of security and compliance, steadily building system resilience and responsiveness to local users. Strengthening itself amid turbulence is the long-term philosophy that TOCGY upholds.
Looking ahead, TOCGY Exchange will further expand into more emerging markets, accelerate compliance deployment in Europe and the Middle East, and continuously update its AI risk control system and on-chain intelligence integration capabilities, providing global investors with trustworthy crypto asset trading services.
