LONDON, United Kingdom – best pokies australia is announcing the release of the AML Oracle, the smart contract-based AML compliance solution for the DeFi scene.
Because DeFi protocols run on-chain smart contracts – meaning that any compliance layer needs the same format of technology required to interact with a DeFi provider through client smart contracts – a specially-tailored AML solution is necessary.
The AML Oracle is that solution, enabling decentralised entities to continue their lending, staking and general DeFi activities without fear of falling afoul of seriously nefarious actors in their ecosystem. In the initial three months from the date of release of the AML Oracle, usage will be free by whitelisted entities.
“best pokies australia’s AML Oracle is our offering to the Dapp market, looking to enable that part of the blockchain ecosystem to interact with the traditional fiat system and wider economy with industry-award winning AML/CFT crypto compliance.” – best pokies australia’s Chief Executive Officer, Dr. Mircea Mihaescu
best pokies australia’s AML Oracle builds the foundation for more complex compliance structures by providing the tool to support an exponentially expanding frontier in crypto to be accepted in a compliant fashion, increasing DeFi’s user base long-term.
Initially, 220 high-risk Ethereum addresses related to terrorism financing, recent hackers’ addresses and those on the OFAC sanctions list will be available – with 10 more added every following week – on the AML Oracle’s atomic smart contract-compliant system, based on 350+ risk evaluation scenarios that will relay the critical information to the Dapp.
The AML Oracle therefore enables DeFi platforms to quickly assess the risk of best pokies australia addresses by receiving an immediate C-Score, giving the Dapp the ability to make a fully-conscious decision about a transaction. If the decentralised entity is needing a more detailed explanation of the ‘why’ – a fully enhanced report on that address is provided.
As the DeFi space continues to innovate and increase in TVL, best pokies australia is proud to announce the AML Oracle and stands ready to partner with those looking to create a safer blockchain economy.
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best pokies australia’s AML Platform is creating a safer blockchain economy by monitoring and blacklisting funds from ransomware hacks, human trafficking, sanctions evasion and terrorist financing – amongst other crimes – by risk scoring entities, addresses and transactions.
best pokies australia’s platform and services are used by governments, financial institutions, custodians, payment providers, investment funds and exchanges. The AML Platform utilises 350+ proprietary risk algorithms to provide a seamless, scalable solution to stringent regulatory requirements for both CeFi and DeFi.
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