Hi Can any one help me, how to integrate ANCHORS I understood so far the stellar transaction part as below -------------STELLAR NETWORK---------------------- USER-1(Me)---------------------USER-2 (My friend) STELLAR ------------------------STELLAR Account-1----------------------Account-2 |--------------------------------------| ANCHOR-1 ANCHOR-2 |--------------------------------------| INR -> XML-----------------------XML -> USD Sender side----------------------Receiver side INR <- XML------------------------XML <- USD -------------STELLAR NETWORK------------------------ But how to integrate ANCHORS at sender as well as receiver side? And, just by integrating ANCHORS, KYC/AML will be taken care by STELLAR? Or else Is there extra part to do KYC/AML? How to create Base Account Am using Node.js for backend. Thank you

Imagine you're at a Casino. You bring USD, which you buy chips for. You spend a couple of hours playing, and at the end of the night you've gotten lucky, and tripled your money. You sell your chips, and get USD back. The Stellar network is what happens when you're dealing with the chips: You can give chips to people They can give chips to you You can trade different types of chips with people Getting money in/out is the sole responsibility of anchors. Ergo, KYC/AML is done by the anchor. The network itself is completely unaware of any of this.

How to setup anchor in stellar network

sodiotech

Hi
Can any one help me, how to integrate ANCHORS
I understood so far the stellar transaction part as below

-------------STELLAR NETWORK----------------------
USER-1(Me)---------------------USER-2 (My friend)
STELLAR ------------------------STELLAR
Account-1----------------------Account-2
|--------------------------------------|
ANCHOR-1 ANCHOR-2
|--------------------------------------|
INR -> XML-----------------------XML -> USD
Sender side----------------------Receiver side
INR <- XML------------------------XML <- USD
-------------STELLAR NETWORK------------------------

But how to integrate ANCHORS at sender as well as receiver side?
And, just by integrating ANCHORS, KYC/AML will be taken care by STELLAR?
Or else
Is there extra part to do KYC/AML?
How to create Base Account

Am using Node.js for backend.

Thank you

dzham

Imagine you're at a Casino.

You bring USD, which you buy chips for.
You spend a couple of hours playing, and at the end of the night you've gotten lucky, and tripled your money.
You sell your chips, and get USD back.

The Stellar network is what happens when you're dealing with the chips:

You can give chips to people
They can give chips to you
You can trade different types of chips with people

Getting money in/out is the sole responsibility of anchors.
Ergo, KYC/AML is done by the anchor. The network itself is completely unaware of any of this.

SergeKiema

dzham so technically you would have to contact each anchor you plan to use to know how they provide liquidity in exchange for the token they issue right ?