AMLT: The Token of Compliance by Coinfirm
Coinfirm is pleased to introduce AMLT, the only dedicated token that will build the next step towards ensuring transparency and democratization of the financial system by allowing market participants to help determine the potential risk of others
Coinfirm is a recognized leader in their field and ranked among the most influential blockchain and regtech companies.
The Coinfirm AMLT token solves AML/CTF needs for cryptocurrency and blockchain-related companies and allows for the safe adoption of cryptocurrencies and blockchain by players in the traditional economy. Blockchain agnostic, the Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation.
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Coinfirm already works with world-class partners and clients ranging from major virtual currency players such as Dash and RSK, to leading financial institutions such as SEI. As a key link in bringing virtual currencies and blockchain to the mass market and a wider range of organizations, Coinfirm is introducing AMLT, its dedicated token to build the next step towards ensuring transparency and democratization of the financial system.
The access token set for sale later this year, AMLT creates a system that builds transparency and democratization into the cryptocurrency ecosystem. It does this by actively involving market participants globally in determining the risk of others in the network. For example, through AMLT, entities in “high risk” regions can also be evaluated based on the existing relationship and input of other market participants and have their risk lowered due to the positive feedback. Network members such as exchanges or payment processors can provide ratings and data on other market participants and cryptocurrency addresses to enrich data, potentially warn others about ransomware funds and be rewarded in AMLT for valid information. AMLT also provides the holder exclusive access rights to the Coinfirm AML/CTF Platform as well as discounts to a range of prepaid products. AMLT helps build the global standard for AML/CTF compliant blockchain transactions and a secure, transparent and compliant economic system that promotes financial inclusion and fair treatment.
In addition the blockchain agnostic Coinfirm AML/CTF Platform supports a number of cryptocurrencies such as BITCOIN, DASH, ETHEREUM and ERC20/ERC223 tokens used in ICO’s. This will further help with compliance and addressing vital regulations like anti money-laundering and counter terrorism financing across the blockchain ecosystem. This supports a major need of the token issuers as well as the banks and traditional players that want to provide services to this new ecosystem.