Token sales have been a hot topic in the tech and finance world and yet the regulatory aspect and need of an end-to-end service have been seriously lacking for this growing fundraising activity.
With $3.4bn raised this year through token sales, businesses are seeing a need to self-regulate through the adoption of AML practices. To further complicate this challenge, jurisdictions are adopting varying definitions and regulatory standards towards the process of token sales.
Now, Coinfirm and TokenMarket are taking the necessary steps to stay ahead of the curve by ensuring the highest standards of regulatory compliance for token sales.
Coinfirm, known as a leading blockchain regtech and compliance company, has been providing compliance services for both blockchain and traditional industry players around the world through the Coinfirm AML/CTF Platform.
Recently, Coinfirm announced that they were introducing a streamlined and automated AML/CTF solution for Ethereum and associated Tokens and ICOs.