Cardano Integrates On-Chain KYC in Compliance With Regulations

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Cardano Integrates On-Chain KYC in Compliance With Regulations
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Cardano taps know-your-customer services in collaboration with the industry's primary identity verification resource.

Cardano taps know-your-customer services in collaboration with the industry’s primary identity verification resource.

Positioned as the axis of the Cardano ecosystem, EMURGO is responsible for developing the community’s NFT marketplace Fibo, Yoroi Wallet, and its subsidiaries EMURGO Ventures, dedicated to investing in Cardano-based startups and projects.via a release that tapping Blockpass as its collaborator is the project’s latest move toward optimizing KYC requirements.

The CEO added that as more projects are getting developed on the Cardano blockchain and the ecosystem istowards an emphasis on DeFi and NFT, enterprises residing on top of it at one point may need to offer “quick and easy KYC services on their applications for their users to access regulated industries.”

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