Cryptocurrency is steadily getting more adaption in the society today as we have seen big names all picking interest in the cyrptocurrency even the Government and financial institution are adopting cyrptocurrency.
But There is always a problem preventing most government and financial institution to full adopt cyrptocurrency. There has been some few unanswered questions regarding cyrptocurrency which includes:
A problem with access to the mass market and traditional financial services as it struggles with regulatory compliance
Cryptocurrency adoption is increasing and the traditional market, banks, and regulators have no tools and information to handle this risk and accept related clients
Entities dealing with Blockchain need to ensure that they aren’t exposed to high risk transactions or counterparties but lack efficient and effective solutions
Smart contracts, ICO’s, Token Crowd Sales etc can be used for money laundering or terrorist financing too and require proper assessment, yet not effective solutions exist
The cost of compliance for virtual currency businesses can run above 50% of total time and labor cost expenditures
Non-compliance may result in the closing of the business, paying fines or even legal ramifications
Due to the ineffective and centralized nature of regulatory and compliance approaches and solutions entire regions unfairly suffer from financial exclusion.
But Now there is a solution to solve the above mentioned problem. Introducing AMLT
AMLT is a key link in Blockchain, helping businesses to ensure transparency and safety - to protect themselves, their customers and grow by solving one of the largest Blockchain needs - effective compliance and AML procedures.
Why Is AMLT Needed?
AMLT helps market participants access data about the risk related to virtual currencies – use AMLT to obtain reports and to fully benefit from the cryptocurrency economy.
It brings efficiency and effectiveness of AML/CTF compliance and democratization for market participants globally
AMLT users will help define good actors and bad ones with precision beyond the reach of the current financial system - without unfairly excluding individuals in sanctioned countries
Provide streamlined access to reports and data for AML/CTF compliance purposes for cryptocurrencies
Build the transparent and democratized financial system by collecting and sharing data in an anonymous way
Improve and automate processes within the Coinfirm AML/CTF Platform and deliver benefits and rewards for its participants
Create a transparent and mutually beneficial compliant Blockchain ecosystem that becomes the global AML/CTF standard for blockchain
Give users an important and active part in building the transparent new era of finance and a foundation for the mass adoption of blockchain and cryptocurrencies
AMLT will surely bring cryptocurrency to it's full acceptance by the Government and financial institution as this will help in the area of Regulatory Compliance, especially Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) for Blockchain and virtual currencies has been a massive roadblock to their overall mass adoption. And because AMLT provides access to to a secure and transparent blockchain economy the data is trsuted and cannot be changed because it is on the blockchain making it protects you, your partners and clients from potential risks and allows for commercial adoption and growth.
Why Invest In AMLT
AMLT is the token for prepaid products and access rights to the already vibrant network of the Coinfirm AML/ CTF Platform
Network Members receive AMLT for providing ratings and information on specific addresses – this is the fuel that makes the system democratic as opposed to arbitrary
It allows compliance and transparency in all transaction situations, helping the whole ecosystem be safer and connect with the global economy
AMLT builds a secure and democratic network that provides transparency to the cryptocurrency world, helping it to be complaint with a number of regulatory requirements
The goal of AMLT is to build anopen global standard for the transparency of cryptocurrencies and bring them into the mainstream in a safe, efficient and effective way
AMLT is having their public sales at the moment. Detail is below
This project will definitely be a huge success and i am investing in this great project.
So Guys let me know what you think of this project.
Note: I am just sharing my personal opinion on the ICO I want to invest on. Do your own research before getting into any ICO. Investing in ICO is risky and you could lose your money
Learn More About AMLT:
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Ether Address: 0x7aF8B9bABC967C2E42A75eAcDa02D5Dea6F10938
