Coinfirm - Blockchain Compliance Experts Infinity Blockchain Labs

Coinfirm – Blockchain Compliance Experts

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December 21, 2017

Coinfirm is a UK-based project specializing in anti-money laundering and other blockchain compliance systems, launched by experts in the AML/CTF fields.
CEO Pawel Kuskowski is a leading anti-money laundering specialist, whose resume boasts such institutions as Royal Bank of Scotland (where he served as chief manager of global AML/CTF). He is also the President of Poland Compliance Association.
Coinfirm’s platform utilizes proprietary algorithms and large-scale data analysis to provide practical data: this results in reduced costs and streamlined blockchain compliance for corporate users, as well as safe and secure virtual currency transactions for private individuals.
The company’s API is connected to nearly all blockchain trading platforms and automatically provides AML evaluation to customers for each transaction. The counterparty’s evaluation is performed in real time by the company’s engine and results are provided within a few seconds. Using these tools, virtual currency exchanges can quickly automatically determine if a transaction is safe to execute. Blockchain compliance is achieved thanks to the technology’s increased speed, efficiency and security.
Read more:
Blockchain Regulation – Vietnam as the First Stop on the RegTech World Tour

AMLT Tokens

Coinfirm - Blockchain Compliance Experts

The AMLT token gives rights to access the Coinfirm AML/CTF network platform. AMLT tokens also provide users with risk data for cryptocurrency transactions. AMLT provides the highest level of reliable data and transparency to the blockchain market. It is a service to facilitate the operation of blockchains.
There is one aspect that virtual currency and money laundering and illegal trade have a deeper relationship than the early days of Bitcoin. By using the Coinfirm AML/CTF platform through AMLT, users can eliminate risks such as money laundering in virtual currency transactions.

Coinfirm and AMLT

Coinfirm - Blockchain Compliance Experts

Coinfirm’s goal is to introduce blockchain compliance AML/CFT education to existing financial institutions interested in virtual currency trading. Virtual currency has a stain upon its history from being used for illegal purchases. Coinfirm hopes to erase this stain by introducing a failsafe system that will allow users to immediately check the validity of counterparties.
Coinfirm has already raised $700,000 in funds from the investment company Luna Ventures in February 2017. It is backed by numerous other high profile partners.
Anti money laundering measures are indispensable for spreading cryptocurrency use. Without such countermeasures, full-scale entry into the virtual currency market from financial institutions and other vendors is virtually impossible. Coinfirm’s platform is indispensable in the fight to normalize crypto-spending.
A version of this article originally appeared in Token News1, a trusted news source of Infinity Blockchain Labs.

About Article Re-Publisher, Infinity Blockchain Labs

Infinity Blockchain Labs (IBL) is a visionary blockchain development company engaged in intermediary and RegTech services employing blockchain compliance technology. We focus on forming alliances with established businesses and regulatory institutions across various industries, as well as providing collaborative incubation for early stage blockchain projects. We aspire to empower Vietnam to become a global leader in blockchain.
In our attempts to nurture a community which can leverage blockchain development, we partner with outside institutions for research and projects. We apply this belief in collaborative relationships to how we share knowledge – an integral part of our efforts to make Vietnam a global hub for blockchain development. We are therefore delighted to share the information Token News, a trusted voice in the blockchain sphere. We trust that their expertise of blockchain developments around the globe will create a more educated, passionate group of entrepreneurs and regulators that can power blockchain compliance adoption all over the world.

About Token News

“We analyze blockchain projects and invest in the development of those that show potential. Our dedicated staff of blockchain experts works tirelessly to gather and analyze pertinent information about each project, often contacting the team members directly to ensure the most accurate and up-to-date news. Based on this information, we then compare and analyze each project. Our credibility as a company is derived from our ability to deliver valuable information to Token News customers.
Blockchain enterprises are cropping up all over the world and our goal is to keep you informed of the situation. We are convinced that we can create an unprecedented future by using this technology. Also, although blockchain currently faces very little regulation, Token News believes it is important to develop businesses in accordance with existing or potential laws and regulations. Projects that do not conform to regulations have no future, no matter how attractive they may be. Blockchain technology has the power to change the world by improving current businesses and enabling new ones.”
– President and Representative, Yuya Sugiura
https://www.tokennews-hk.com/project/what-is-coinfirm/