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Author Topic: [2016-02-06]GreenCoinX Takes Different Stance on Privacy  (Read 149 times)
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February 06, 2016, 04:29:26 PM

GreenCoinX Takes Different Stance on Privacy

A subsidiary of Canadian GreenBank Capital Inc., GreenCoinX Inc. has announced that it has upgraded its cryptocurrency identification to full “Know Your Client” standards. GreenCoinX is taking a vastly different approach to privacy than other cryptocurrencies such as bitcoin, and seems to be the polar opposite of companies such as Samourai Wallet. All GreenCoinX users will now meet the same identification standards as the banking community and will be required to be identified before usage.

CEO Danny Wettreich stated: “The promise of crypto currency was always the fast and inexpensive transfer of funds worldwide, while bypassing the banking system. Until now this has been impeded by identity concerns. Now GreenCoinX has made this promise a reality by its KYC capability. In sharp contrast to bitcoin and all other cryptocurrencies, the new KYC standard of GreenCoinX alleviates the concerns of both governments and users that crooks and terrorists can use cryptocurrency to hide their activities. All GreenCoinX users have to be fully identified before usage, so bad actors will not use GreenCoinX ”
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