With blockchain technology and digital currency growing in worldwide use, questions still remain unanswered regarding the regulatory state of this expanded landscape. As concerns about corporate fraud and terrorist funding continue to surface, digital transactions are experiencing increased scrutiny as regulators wrestle with balancing risk mitigation nd the right to privacy. Given all of this there are growing calls for greater access to blockchain data to ensure better compliance and oversight practices within the financial industry.
Coinfirm, a new platform for managing risk and compliance has recently emerged as a major player in this landscape. Headquartered in Warsaw, Poland, their objective is to bring thoughtful, transparent security and accountability to the emerging space of blockchain transactions.
The model employed by Coinfirm ensures that parties involved in digital transactions are compliant and safe in terms of regulatory and fraud risk. Among their many functions is the monitoring of bitcoin transactions, an increasing area of concern for many regulators...
Read more here:
https://btcmanager.com/news/coinfirm-delivers-regulatory-solutions-will-it-take-hold/Follow BTCMANAGER for the Latest on Fintech, Blockchain and Bitcoin!
