QUOINE and Coinfirm are pleased to announce the listing of AMLT token on QRYPTOS (https://qryptos.com).
QRYPTOS is QUOINE’s fully digital cryptocurrency exchange and trading platform launched in June 2017.
The native token of the leading Blockchain Regtech solution The Coinfirm AML/KYC Platform, AMLT ensures transparency and democratization of the financial system by allowing entities to rate and provide information on other market participants into the Coinfirm AML/CTF Platform with AMLT as their reward for the valid data they provide. The goal of AMLT is to build an open global standard for the transparency of cryptocurrencies and bring them into the mainstream in a safe, efficient and effective way
AMLT provides solutions for the key problems of all participants in the Blockchain ecosystem:
1. A problem with access to the mass market and traditional financial services as it struggles with regulatory compliance
2. Cryptocurrency adoption is increasing and the traditional market, banks, and regulators have no tools and information to handle this risk and accept related clients
3. Entities dealing with Blockchain need to ensure that they aren’t exposed to high risk transactions or counterparties but lack efficient and effective solutions
4. 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
5. The cost of compliance for virtual currency businesses can run above 50% of total time and labor cost expenditures
6. Non-compliance may result in the closing of the business, paying fines or even legal ramifications
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 compliant with a number of regulatory requirements. The goal of AMLT is to build an open global standard for the transparency of cryptocurrencies and bring them into the mainstream in a safe, efficient and effective way
Created by a global blockchain regtech leader Coinfirm for The Coinfirm AML/KYC Platform, the Platform services major crypto entities like Dash and RSK, countless ICO’s and financial institutions. The AMLT use case has been used and proven on the platform for over a year before creation and on day 1 of release AMLT was integrated and used by users on the Coinfirm AML/KYC Platform to purchase Coinfirm AML/KYC reports with an economical benefit. Currently Coinfirm is adding countless more clients and partners on the Platform, further building the foundation for AMLT to become the token of choice for blockchain and cryptocurrency compliance.
For more information, see: https://amlt.coinfirm.io
https://www.facebook.com/AMLToken/
http://www.twitter.com/AMLT_Token
