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Global standard for ICO compliance set by AML/KYC Platform of blockchain regtech leader Coinfirm

Mar 29, 2018

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Recognized as a global leader in RegTech for blockchain, Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that solves compliance and transaction risk issues in blockchain and cryptocurrencies. The blockchain agnostic platform is currently used by anyone ranging from major financial institutions to exchanges. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in CE.

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6 months after the launch of their AML/KYC solution for ICOs on their Platform, Coinfirm sets the global standard for Initial Coin Offering compliance

The global regtech innovator, Coinfirm, has helped establish a globally respected best practice on how to manage risks related to AML and KYC issues with over 30 ICO implementations around the globe in six months (Oct’17-Mar’18), and nearly double that in the pipeline already for the rest of 2018. The standard created by Coinfirm is respected by a broad number of stakeholders including international banks, who require it to onboard clients and funds from token sales.

"With Bitcoin and Dash already implemented in our platform, when we started to work on the ETH and token based version of our AML platform in early 2017 only a few people globally thought about these issues. Today it’s becoming a standard that is not only required by banks to open an account, but also wanted by some founders who are now much more aware of the potential legal and regulatory risks connected with accepting money coming from illegitimate sources to finance their business"

Coinfirm CEO and Co Founder, Pawel Kuskowski.

"Last year the ICO market globally exploded –total amount of money raised was estimated at almost $6 billion with over 900 recorded ICOs in 2017. As the market grew, so did the need for an AML solution that provided a bank grade and industry standard. AML / KYC processes are required by all banks considering business with companies exposed to cryptocurrencies risks. It is also required by an increasing amount of leading exchanges to consider the token for listing for example. Since integrating Ethereum into the blockchain agnostic Coinfirm AML/KYC Platform and launching the ICO service, it became the global standard for AML in the ICO space – completing over 30 ICOs with contributions of over 500 000 000 USD and over 340 000 Coinfirm AML reports generated."

"Although the blockchain market is still in the ultra-fast development phase, the awareness of its participants is equally dynamic. AML / KYC processes are currently recommended by all leading law firms specializing in the field and it’s also required by all of the banks who are open for doing business with businesses financed through an ICO. We begin to observe more and more professional investors in the space who are also putting a pressure on companies to implement advanced AML & KYC solutions"

Coinfirm CEO and Co Founder, Pawel Kuskowski.

"With clients ranging from major cryptocurrency entities like Dash to financial institutions, the Coinfirm AML / KYC platform was successfully used by ICOs from all over the world including major crypto financing hubs such as Switzerland, Gibraltar, Singapore as well as bigger markets such as Japan, USA, and the UK. Coinfirm also recently launched their Network Member mechanism through their AMLT token. Built on the use case used within the Coinfirm Platform for over a year, AMLT allows for a new level of transparency, security and compliance for the crypto economy by actively allowing data sharing from market participants."

About Coinfirm
Coinfirm is a leading regulatory technology company with an objective to secure the safe adoption and use of blockchain technology, by deploying the Coinfirm AML/KYC Platform. The Coinfirm Platform has already serviced major cryptocurrency entities, financial institutions, and dozens of ICOs and builds a safe environment for the future of the blockchain ecosystem. To see how Coinfirm’s platform works, visit