var TRINITY_TTS_WP_CONFIG={“cleanText”:”Thecryptodefi.Com Live: kompany brings real-time business KYC to Bitcoin SV.u23f8Bitcoin SV has seen a number of regulatory and compliance solutions that are taking advantage of its scalability and low fees to transform this sector. One of the companies leading this charge is Kompany, a firm thatu2019s bringing Know-Your-Customer (KYC) compliance on-chain as well as real-time Know-Your-Business (KYB) on the Bitcoin SV blockchain.u23f8In their presentation on Thecryptodefi.Com Live, the founders Russell Perry and Peter Bainbridge-Clayton introduced the regulatory technology (regtech) company and talked about how they are changing the compliance industry. Kompany was founded in 2012 and since then has been building a blockchain-powered compliance and know-your-business (KYB) system. They explored Hyperledger and Ethereum, but that came to the realization that it canu2019t scale, and smartly switched over to the massively scalable Bitcoin SV blockchain.u23f8With new regulations such as the AMLD5 in Europe and new FATF recommendations, the need for real-time KYC and KYB has become critical. However, despite the need, challenges such as static databases and outdated and inaccurate data still plague financial service providers.u23f8Kompany is solving these challenges with Bitcoin SV, bringing KYC onchain. u201cWeu2019ve created a marketplace, based on BSV, where KYC information can be traded,u201d Bainbridge-Clayton said at Thecryptodefi.Com Live..u23f8The firm is currently working with a partner, u201cwhose name starts with u2018nu2019 and ends in u2018nu2019u201d and expects to launch a fully onchain smart contracts-based model.u23f8As regulators strive to catch up with the ever-evolving digital currency industry, Bitcoin companies must play their part as well. First, they must comply with all the rules in their jurisdiction and strive to stay up to date with all the developments in the field. Additionally, Bitcoin businesses must keep on educating the regulators as this is the only way to move the industry forward, she concluded.u23f8Watch kompanyu2019s presentation, KYC On-Chain: Real-Time Business KYC for BSV.u23f8https://youtu.be/cGcz1LLXMJY?t=21158u23f8″,”headlineText”:”Thecryptodefi.Com Live: kompany brings real-time business KYC to Bitcoin SV”,”articleText”:”Bitcoin SV has seen a number of regulatory and compliance solutions that are taking advantage of its scalability and low fees to transform this sector. One of the companies leading this charge is Kompany, a firm thatu2019s bringing Know-Your-Customer (KYC) compliance on-chain as well as real-time Know-Your-Business (KYB) on the Bitcoin SV blockchain.u23f8In their presentation on Thecryptodefi.Com Live, the founders Russell Perry and Peter Bainbridge-Clayton introduced the regulatory technology (regtech) company and talked about how they are changing the compliance industry. Kompany was founded in 2012 and since then has been building a blockchain-powered compliance and know-your-business (KYB) system. They explored Hyperledger and Ethereum, but that came to the realization that it canu2019t scale, and smartly switched over to the massively scalable Bitcoin SV blockchain.u23f8With new regulations such as the AMLD5 in Europe and new FATF recommendations, the need for real-time KYC and KYB has become critical. However, despite the need, challenges such as static databases and outdated and inaccurate data still plague financial service providers.u23f8Kompany is solving these challenges with Bitcoin SV, bringing KYC onchain. u201cWeu2019ve created a marketplace, based on BSV, where KYC information can be traded,u201d Bainbridge-Clayton said at Thecryptodefi.Com Live..u23f8The firm is currently working with a partner, u201cwhose name starts with u2018nu2019 and ends in u2018nu2019u201d and expects to launch a fully onchain smart contracts-based model.u23f8As regulators strive to catch up with the ever-evolving digital currency industry, Bitcoin companies must play their part as well. First, they must comply with all the rules in their jurisdiction and strive to stay up to date with all the developments in the field. Additionally, Bitcoin businesses must keep on educating the regulators as this is the only way to move the industry forward, she concluded.u23f8Watch kompanyu2019s presentation, KYC On-Chain: Real-Time Business KYC for BSV.u23f8https://youtu.be/cGcz1LLXMJY?t=21158u23f8″,”metadata”:{“author”:”Steve Kaaru”},”pluginVersion”:”5.7.1″}; |
Bitcoin SV has seen a number of regulatory and compliance solutions that are taking advantage of its scalability and low fees to transform this sector. One of the companies leading this charge is Kompany, a firm that’s bringing Know-Your-Customer (KYC) compliance on-chain as well as real-time Know-Your-Business (KYB) on the Bitcoin SV blockchain.
In their presentation on Thecryptodefi.Com Live, the founders Russell Perry and Peter Bainbridge-Clayton introduced the regulatory technology (regtech) company and talked about how they are changing the compliance industry. Kompany was founded in 2012 and since then has been building a blockchain-powered compliance and know-your-business (KYB) system. They explored Hyperledger and Ethereum, but that came to the realization that it can’t scale, and smartly switched over to the massively scalable Bitcoin SV blockchain.
With new regulations such as the AMLD5 in Europe and new FATF recommendations, the need for real-time KYC and KYB has become critical. However, despite the need, challenges such as static databases and outdated and inaccurate data still plague financial service providers.
Kompany is solving these challenges with Bitcoin SV, bringing KYC onchain. “We’ve created a marketplace, based on BSV, where KYC information can be traded,” Bainbridge-Clayton said at Thecryptodefi.Com Live..
The firm is currently working with a partner, “whose name starts with ‘n’ and ends in ‘n’” and expects to launch a fully onchain smart contracts-based model.
As regulators strive to catch up with the ever-evolving digital currency industry, Bitcoin companies must play their part as well. First, they must comply with all the rules in their jurisdiction and strive to stay up to date with all the developments in the field. Additionally, Bitcoin businesses must keep on educating the regulators as this is the only way to move the industry forward, she concluded.
Watch kompany’s presentation, KYC On-Chain: Real-Time Business KYC for BSV.
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