blackfridge, a blockchain monetary firm & issuer of Poundtoken (GBPT), introduced it has built-in the stablecoin on crypto RegTech supplier Coinfirm’s AML platform.
Integrating Poundtoken to the blockchain-agnostic AML platform goals to make sure that monetary establishments and VASPs are capable of be in full compliance with the FATF’s pointers, 6AMLD, and different supranational and nationwide laws while transacting with GBPT, furthering the stablecoin’s uptake long-term.
The primary regulated GBP-pegged stablecoin launched within the British Isles, KPMG is a delegated auditor whose month-to-month proof-of-reserve attestations will affirm that each one stablecoins issued are 100% backed. By means of its regulation, proof-of-reserve reporting, and distributed ledger know-how, Poundtoken will defend GBPT holders from value volatility whereas cementing belief in its worth
“The usage of blockchain analytics performs a significant half in defending shoppers and lowering monetary crime. The instruments and companies offered by Coinfirm allow us, exchanges, custodians, and different third events to trace the historical past of GBPT on the blockchain. The partnership with Coinfirm represents our continued dedication to reaching the very best requirements in Anti-Cash Laundering and Countering the Financing of Terrorism controls.”-
– Bryn Griffith, Chief Compliance Officer of Poundtoken
Coinfirm’s blockchain analytics and AML options are trusted to investigate and handle danger.
The agency has continued to evolve with the crypto markets, being the primary AML supplier to combine NFTs to the AML platform in addition to the primary to supply AML/CFT evaluation of token holder populations and decentralized finance liquidity swimming pools.
“Coinfirm is worked up to announce the GBPT integration to the AML platform. This ensures that compliant events to Poundtoken transactions are capable of rapidly confirm if and when they’re coping with unhealthy actors, to stop them from receiving regulatory fines, lack of status or regulatory-stipulated operations constrictions by offering counterparties with actionable intelligence.”
– dr Mircea Mihaescu, Chief Government Officer of Coinfirm