Dash Partners With Coinfirm for AML/KYC Compliant Adoption Methods
Dash has entered a partnership with Coinfirm to create AML/KYC compliant methods of adoption for commercial and financial institutions. According to a press release from Coinfirm, this partnership marks the first-ever “interwoven solution” for cryptocurrency AML/KYC compliance. Dash Aiming at AML/KYC Compliance for Corporate Clients. According to Dash core developers, the partnership with Coinfirm “allows traditional commerce a tried-and-true pathway to embracing digital currency.” Dash finance director Ryan Taylor told press, “Coinfirm offers its customers truly world-class tools to meet....
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Dash partners with Coinfirm, the U.S. forms a caucus to create digital currency policies, and users are warned against OneCoin. Want to catch up on your latest digital currency and tech news? Read the stories below. DASH. Digital currency Dash is partnering with blockchain compliance platform Coinfirm. The company is set to provide Dash with an easy route into the “hearts” of businesses and corporations looking to allow digital currencies as potential methods of payments for the purchases of goods and services. The best news is that the partnership is not slated to interfere with Dash....
Blockchain startup Coinfirm.io has announced the launch of the first Blockchain lab to collaborate on the innovation’s development, research and collaboration in the region. Coinfirm, a Polish blockchain startup has launched the Coinfirm Block Lab, a go-to hub for blockchain development and research. The platform also seeks to bring in regulatory institutions to participate and collaborate with developers and startups in the bitcoin and blockchain industry. In a collaborative effort, Coinfirm has also partnered with European bitcoin exchange Bitcurex along with other unnamed financial....
The effective management of regulatory requirements is vital to the continued advancement of the digital currency industry. Dash, a privacy-centric, open-source, digital money ecosystem, has therefore chosen to integrate AML/KYC solutions designed to manage these concerns, in cooperation with blockchain compliance provider Coinfirm. Some are hailing this move as a key milestone in addressing vulnerabilities tied to fraud and money laundering. Others are more skeptical, viewing it as potentially undermining Dash’s core tenets around privacy. Dash, viewed by its proponents as an enhanced....
On August 31, 2016, Coinfirm and Billon announced a partnership to make blockchain transactions more in-line with Anti-Money Laundering laws (AML), helping companies that deal with blockchains to better comply with the law. Blockchains Better Complying with Regulations. The two blockchain-focused companies have joined forces in an attempt to bring digital currency and blockchain transactions into the institutional and mass market. According to the press release about the partnership, the biggest challenges businesses and other commercial entities face with blockchain-based transactions and....
Coinfirm said it would be able to provide the same AML/CFT analytics for assets minted on Cardano, a number which may grow as the project prepares to expand to smart contracts. The nonprofit organization behind Cardano has partnered with blockchain analytics provider Coinfirm to ensure ADA is in compliance with the Financial Action Task Force’s guidelines.In an Aug. 24 announcement, the Cardano Foundation said it would be using Coinfirm’s services to provide Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, analytics for Cardano’s native cryptocurrency ADA.....