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Blockpass and Avalanche Team up to Revolutionize KYC and AML Verification

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On February 17, it was reported that the digital authentication provider Blockpass and Avalanche reached a cooperation. Blockpass will be integrated with Avala…

Blockpass and Avalanche Team up to Revolutionize KYC and AML Verification

On February 17, it was reported that the digital authentication provider Blockpass and Avalanche reached a cooperation. Blockpass will be integrated with Avalanche for KYC and AML verification. Avalanche will use the new features of Blockpass to allow users to prove their ownership of digital wallets, and provide a market suitable for unmanaged wallets through the unmanaged wallet KYC of Blockpass.

Digital authentication provider Blockpass and Avalanche reach a cooperation

Interpretation of the news:


On February 17, it was reported that digital authentication provider Blockpass and blockchain platform Avalanche have joined forces to bring about a revolutionary change in the field of Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. Blockpass will integrate with Avalanche, which will enable users to prove their ownership of digital wallets, providing an unmanaged wallet KYC system.

KYC and AML are two significant challenges faced by people involved in cryptocurrency transactions. Although cryptocurrencies can be traded without the need for KYC or AML, avoiding these processes has resulted in illicit activities such as money laundering, terrorist financing, and other illegal activities.

Blockchain technology is widely recognized as a robust system for maintaining transparency and accountability in the digital world. However, when it comes to KYC and AML verification, there have been significant concerns about privacy and security. In response to these concerns, Blockpass has built a user-centric digital identity verification system that uses blockchain technology to ensure that online identities are safe and secure.

The partnership between Blockpass and Avalanche will allow users to enjoy smooth and seamless verification procedures for AML and KYC. Users of Avalanche will have the privilege of using innovative features that Blockpass has incorporated into its services. This approach is built upon the joint efforts of the companies to provide a market suitable for unmanaged wallets through Blockpass’s unmanaged wallet KYC feature.

Blockchain and cryptocurrency enthusiasts will be happy to know that there is now an easy, secure, and reliable KYC and AML process thanks to the partnership between Blockpass and Avalanche. In addition, traders will be able to focus on trading without worrying about compliance obligations, payment disputes or uncertainties, as the collaboration provides a secure, transparent, and autonomous environment.

In conclusion, the Blockpass and Avalanche partnership will revolutionize the traditional KYC and AML process for blockchain technology. The innovative solution created through their partnership will provide a reliable, secure, efficient, and seamless way of verifying user identities. The collaboration marks the beginning of a new era in blockchain-based KYC and AML verification.

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