Coinfirm partners with TokenMarket to bring effective anti-money laundering process to ICOs.
Nov 17, 2017
Coinfirm and TokenMarket announced today a collaboration to bring effective anti-money laundering to the blockchain space and to ICOs.
November 16, 2017 /MarketersMedia/ —
LONDON, Nov 16, 2017 - Token sales have been a hot topic in the tech and finance world and yet the regulatory aspect and need of an end-to-end service have been seriously lacking for this growing fundraising activity. With $3.4bn raised this year through token sales, businesses are seeing a need to self-regulate through the adoption of AML practices. To further complicate this challenge, jurisdictions are adopting varying definitions and regulatory standards towards the process of token sales. Now, Coinfirm and TokenMarket are taking the necessary steps to stay ahead of the curve by ensuring the highest standards of regulatory compliance for token sales.
Coinfirm, known as a leading blockchain regtech and compliance company, has been providing compliance services for both blockchain and traditional industry players around the world through the Coinfirm AML/CTF Platform. Recently, Coinfirm announced that they were introducing a streamlined and automated AML/CTF solution for Ethereum and associated Tokens and ICOs.
As the premier platform for ICO’s, TokenMarket provides a full token sale advisory service underpinned by a firm commitment to raising standards across the entire token ecosystem. TokenMarket promotes the need for those running token sales to seek solid legal advice to understand the KYC and AML requirements and as needed, adopt a solution like Coinfirm.
“We are currently experiencing unprecedented levels of interest in our token sale services and we are thrilled to be working with some of the highest profile blockchain companies to help scale up their businesses. With that comes a responsibility to ensure that we are advising our clients with the latest and best possible technology and information regarding regulation. Coinfirm represent some of the best in the regulatory space and we are very excited to be partnering with them and look forward to working together to safeguard the future of token sales,” Ransu Salovaara, TokenMarket CEO, said.
Coinfirm’s CEO Pawel Kuskowski also expressed his enthusiasm for the importance of the partnership. “TokenMarket represents the standard in the token sale environment, while we represent the same for regtech and compliance for blockchain. Without two entities like us coming together, the question of regulatory compliance in commercial applications towards this revolutionary process remains quite grey and prevents it from reaching its potential in the traditional and mass markets. We’re here to help bring that security, confidence and growth to the process.” said Kuskowski.
About Coinfirm
Coinfirm serves as a foundation for the safe adoption and use of blockchain. A recognized leader in their field and among the most influential blockchain and regtech companies, the blockchain agnostic Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. In addition, Coinfirm develops dedicated blockchain solutions such as their data provenance platform Trudatum, currently being piloted for adoption by multiple financial institutions. Coinfirm has also recently released their AMLT Token to allow for market participants to help rate others and democratize the financial system.
About TokenMarket
TokenMarket is a full ICO advisory service working with some of the brightest startups in the blockchain industry. Headquartered in Gibraltar, the company has worked with more than twenty token sales in 2017 including pioneering brands such as Storj, Civic.
Contact Info:
Name: Grant Blaisdell
Email: [email protected]
Organization: Coinfirm
For more information, please visit https://amlt.coinfirm.io
Source: MarketersMedia
Release ID: 265704
More News
NextDC boss Craig Scroggie goes viral with gym video
NextDC boss Craig Scroggie has been very public about his extreme diet and exercise regime.
Golden Dragon drills for gold beneath 3km WA anomaly
Golden Dragon has kicked off drilling on a 3km-long gold anomaly at its Cue project in WA’s Murchison, following auger results that appear to link four prospects.
Shares end week down as oil price, AI doubts hit miners
Australia’s sharemarket has snapped a three-week winning streak after surging oil prices and tremors in the artificial intelligence narrative hammered resource stocks.
I spent thousands on a ‘potentially dangerous’ marathon. I’d do it again
I fell short of my goal and blew my budget. But here’s how joggers like me are keeping the economy running.
Collingwood’s The Vine Hotel looking for new owner in $4m sale
The last of the Melbourne pubs embroiled in the spectacular collapse of Jon Adgemis’ Public Hospitality Group is up for grabs.
Catholic Church seeking $18m windfall for inner west uni site
The Catholic Church is testing the market with a heritage sale, while the White Fox online business “glows up” from being a tenant to landlord.
How the News Corp tabloids lifted Seven’s harrowing exclusive
News Corp outlets were lightning fast in reporting the attack on Helen Haines after 7News Melbourne broke the news. How did they confirm it so quickly?
The men at work call each other ‘mate’. Why does it make me uncomfortable?
I think your nagging concern about this situation is something felt by many people at work, especially when they know their colleagues are not being malicious.
‘Incredibly disappointing’: Snowy 2.0 cost blows out to $25b in biggest setback yet
The cost of the Commonwealth government’s Snowy 2.0 mega-project has exploded from an estimated $6 billion to $25 billion.
ASX retreats as energy shares slump; Nick Scali tanks; Westpac axes jobs
The Australian sharemarket declined on Thursday, as shares in furniture retailer Nick Scali plummeted after a profit warning.
If you feel like everything’s falling apart, you’re probably right
Trump’s erratic White House, Putin’s aggression, China’s mercantilism, globe-affecting wars, rising debt levels and skyrocketing costs of living – it’s one toxic global cocktail.
Zenith bid goes unconditional as Forrestania builds WA gold stockpile
Forrestania Resources has declared its Zenith Minerals takeover bid unconditional, clearing the decks for a bigger WA gold business as it snaps up 400,000 tonnes of ore feed from Star Minerals.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.