CoinFirm ICO REVIEWAMLT TOKEN Overview
The ProblemUndoubtedly, blockchain technology seeks to revolutionize how funds are moved from one location to another and are definitely disrupting for traditional financial institutions charging a premium for such services.
Blockchain remains decentralized, anonymous and for individuals seeking privacy, this is the perfect way to transact their business while moving large sums of money cheaply and reliably. However, there is a big problem with this. Why? Well, with anonymity or even pseudonymity as it applies to Bitcoin, the blockchain platform can be a magnet where terrorist activities can be financed or even money laundered.
To even compound this, many of the companies relying on blockchain might not have the resources and the capacity to comply with stringent anti-money laundering rules, Counter-Terrorism Financing laws and Know-Your-customer regulations. These are obvious obstacles that blockchain faces and if regulatory bodies come in heavy and demand compliance, application of KYC, CTF and AML rules will be chocking for this nascent industry.
The SolutionThis is where CoinFirm jumps in and provide solutions to the blockchain community by launching AMLT tokens as fuel and the necessary facilitator within the platform. These tokens will be distributed and used as incentives for platform users whenever they provide truthful and fully verified information about market participants. As such, CoinFirm will be more democratic than arbitrary.
Currently, CoinFirm is in the forefront and offering KYC, CTF and AML services for blockchain companies looking for compliance. With AMLT tokens as a necessary facilitator, coin holders can not only make payments from the CoinFirm supported platform but they will be guaranteed of platform access on top of transparency and efficiency. Besides that, users can spend the coins within CoinFirm whenever they want to access verification services.
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