The dynamic growth of the virtual currency ecosystem provides unprecedented opportunity and is recognised by the largest companies and financial institutions globally. The market has faced various roadblocks due to anti-money laundering rules, the ecosystem is yet to establish a clear proprietary solution for the AML process, thus stagnating the mass commercial adoption. Assets that are sourced from high risk origins are free-flowing throughout the market forcing players to take on the potential risk. This is where financial institutions cannot determine the risk and are unable to participate in the new economy.
The Solution
Coinfirm’s AML platform is the solution for the is the solution for this problem. The platform solves AML needs in the ecosystem and streamlines compliance with actionable data such as ‘c-score’, risk rating, behavioural profile, transactional recommendations, financial insights and risk indicators.
The current platform serves major blockchain technology such as Bitcoin, Ethereum, Dash and many more. This has the ability to redefine compliance and AML processes for all blockchain components which leads to mass adoption.
AMLT Token
Coinfirm aims to take the next step in building the most transparent ecosystem by involving market participants with AMLT tokens, the fuel for Coinfirm’s platform and the democratised ecosystem. AMLT allows users to evaluate market participants by providing data for seamless and safe trade. The token gains holders discounts to reports and services on Coinfirm’s platform. Exclusive access to knowledge pool, materials and content. And to obtain AMLT for contributing data.
Coinfirm have partners across blockchain and financial industries such as RSK, Humaniq, Quanta and QRC. AMLT will be implemented in an already vibrant network of players providing a strong foundation of commercial use.
The AMLT Team
The AMLT team have decades of experience within compliance from experience with major industries such as Royal Bank of Scotland (RBS) and Ernst & Young. The team possesses vast knowledge of the crypto ecosystem with many of the team early adopters of blockchain technology and Bitcoin.
The AMLT token sale is currently open and has raised over 11k ETH. The token sale is scheduled to end on January 30, 2018 or when all AMLT token are sold out.
In my opinion, this provides a strong use case for AML procedures in the near future, especially with the rising interest of ICOs and the more prevalent need to comply with forthcoming regulatory demand. This is one step towards mass adoption of blockchain technologies with major industries having the tools to interact with the growing inclusion of blockchain technology.
Website: https://amlt.coinfirm.io
Whitepaper: https://amlt.coinfirm.io/pdf/white-paper.pdf
Blog: https://blog.coinfirm.io
Twitter: https://twitter.com/AMLT_Token
ANN Thread: https://bitcointalk.org/index.php?topic=2375580.msg24233883#msg24233883
Telegram: https://t.me/AMLT_Coinfirm
My ETH Wallet Address: 0x205F1B87f5678ac1004375d34Cf1cB8CEd53FAB3
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