En langt frustrerende formulering.
Crypto Hello er med Micapass det enkle, åbne og kvalitetssikre KYC/KYS løsning.
Micapass’ AML compliance technology muliggør en brugercentreret tilgang til at forebygge hvidvaskning af penge og andre uetiske finansielle transaktioner. Dette er især vigtigt i lyset af de seneste regler og bøder i kryptoindustrien. Gintarė Košubienė, medstifter af Micapass, tilbyder unikke indblik i denne udvikling og dets betydning for industrien.
Dårlig formulering, se bort fra dette
The cryptocurrency industry is on the brink of a transformative shift in Anti-Money Laundering (AML) compliance, a change propelled by the recent landmark fine imposed on Binance and its CEO, Changpeng Zhao. The recent anti-money laundering case involving Binance and its former CEO, Changpeng Zhao, which resulted in substantial fines, marks a significant turning point for AML compliance in the cryptocurrency sphere.
Gintarė Košubienė, co-founder of Micapass, a company specializing in AML crypto compliance technology, discusses the implications of this landmark case and the anticipated shift in AML compliance from crypto platforms to end users. Košubienė points out that traditionally, KYC (Know Your Customer) procedures have been the responsibility of crypto exchanges and other virtual asset service providers (VASPs), which contradicts the decentralized nature of cryptocurrencies.
Users’ reluctance to disclose their data has been a major concern. Micapass addresses this issue by developing technology that combines real-time wallet screening with KYC processes, shifting the verification responsibility to users. This allows them to privately verify their compliance and keep their personal data off-chain, using smart contract-based identities for AML status checks.
Košubienė emphasizes the importance of technologies like Micapass that: Enable users to prove their compliance within protocols. Are vital in maintaining data privacy. Ensure platforms are used by compliant actors, reducing penalty risks. The government’s recent actions, including the UK Treasury’s solidification of crypto regulations and the SEC’s emphasis on regulatory compliance, indicate a continuing focus on crypto compliance.
Košubienė emphasizes that new technologies like Micapass, which enable users to prove their compliance within protocols, are critical in maintaining data privacy and ensuring platforms are utilized by compliant actors, thereby reducing the risk of penalties. Gintarė Košubienė Discusses AML Compliance Shift in Crypto Post-Binance Fine In this exclusive interview, Gintarė Košubienė, CEO and co-founder of Micapass, a pioneering AML crypto compliance technology firm, offers her unique insights into this evolving landscape.
With a focus on transitioning AML compliance from crypto platforms to end-users, Košubienė sheds light on how this shift aligns with the decentralized nature of cryptocurrencies and the broader implications for the industry. The Binance Fine and its Impact on AML Compliance in Crypto In response to the question about the implications of the Binance fine, Gintarė Košubienė provides an insightful analysis of how this event is transforming AML compliance in the crypto industry: Increased Public Awareness: Košubienė notes that the Binance fine has brought the issue of compliance, rather than just scams, into the mainstream media spotlight, raising public awareness about the importance of regulatory adherence in the crypto industry.
Evolving Compliance Needs: She emphasizes that the incident underscores the need for compliance measures to evolve and be innovative, highlighting that having a large team and a compliance office is no longer sufficient in the dynamic crypto environment. Governmental Action: The fine also signifies the determination of governments to address compliance issues in the crypto sphere, regardless of the size or influence of the business involved, marking a firm stance on regulatory enforcement.
Transition to User-Centric AML Compliance Gintarė Košubienė addresses the shift from platform-based to user-centric AML compliance, highlighting a transformative change in the approach to regulatory adherence in the crypto world: Contradiction in Platform-Based Compliance: Košubienė points out that platform-based compliance, where users do not own their data, is at odds with the decentralized nature of cryptocurrencies.
This traditional model places the onus of compliance entirely on platforms, often compromising user data privacy and autonomy. User-Centric Model Advantages: In the user-centric model, Košubienė explains, users can own their compliance proofs and seamlessly transfer these across different protocols.
This approach significantly reduces the need for repeated KYC processes, aligning better with the decentralized ethos of cryptocurrencies. Cost-Bearing and Efficiency: She notes that in DeFi, users usually bear transaction costs, such as gas fees. By shifting to on-chain storage of proofs, the user-centric model logically aligns costs with users, enhancing efficiency and cost-effectiveness.
Mica.
