Why Do I Need To Register And Do KYC?

Verasity
Verasity
Published in
2 min readApr 26, 2018

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If you’ve been following the world of cryptocurrency you’ll have noticed that regulation is a term that keeps on coming up time and time again. Right from the start, our team has been determined to follow the best legal advice to make sure that we protect our community and the entire Verasity project.

Our legal counsel has concluded that in order to make sure Verasity is compliant with global regulatory guidelines, Know Your Customer (KYC) / Anti-money laundering (AML) procedures must be mandatory for anyone wanting to participate in our Token Sale or Airdrop.

Verification is normally a quick and seamless process. However, if your submission is flagged for manual verification then it may take up to 48-hours.

If you fail AML checks, Verasity is legally unable to enter any dialogue around why you failed AML or even tell you that you failed AML.

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Verasity is a leading video platform providing unique Rewarded Player Technology to major publishers across the globe.

Our patent pending Rewards-as-a-Service (RaaS) Player enables VRA rewards, monetization and loyalty schemes within the player wallet. Our player technology is already available to 280,000 publishers with 240 million users and 50 billion monthly views. This brings engagement, audiences and revenues back to publisher sites. Our attention-based model creates a thriving VRA token economy between viewers, publishers and advertisers.

Verasity is the future of online video — Reach, Reward, Retain.

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Verasity
Verasity

Advertising technology based on open-ledger principles. We have the first patented adtech protocol on the blockchain — VeraViews