blackfridge, a blockchain financial firm and issuer of Poundtoken (GBPT), announced that it has integrated the stablecoin on crypto provider RegTech Coinfirm’s AML platform.
Poundtoken’s integration with the blockchain-independent AML platform aims to ensure that financial institutions and VASPs are able to be in full compliance with FATF guidelines, 6AMLD, and other supranational and national regulations. while transacting with GBPT, driving long-term stablecoin adoption.
The first regulated GBP pegged stablecoin launched in the British Isles, KPMG is an appointed auditor whose monthly Proof of Reserve certificates will confirm that all stablecoins issued are 100% backed. Through its regulation, proof-of-reserve reporting, and distributed ledger technology, Poundtoken will protect GBPT holders from price volatility while cementing trust in its value.
“The use of blockchain analytics plays a major role in protecting consumers and reducing financial crime. The tools and services provided by Coinfirm enable us, exchanges, custodians and other other third parties to track GBPT’s history on the blockchain. The partnership with Coinfirm represents our continued commitment to achieving the highest standards in anti-money laundering and combating the financing of terrorism.”-
– Bryn Griffith, Chief Compliance Officer of Puundtoken
Coinfirm’s blockchain analytics and AML solutions are reliable for analyzing and managing risk.
The company has continued to evolve with the crypto markets, being the first AML provider to integrate NFTs into the AML platform as well as the first to offer AML/CFT analysis of token holder populations and pools of decentralized financial liquidity.
“Coinfirm is delighted to announce the integration of GBPT into the AML platform. This ensures that compliant parties to Poundtoken transactions are able to quickly determine if and when they are dealing with malicious actors, to prevent them from receiving regulatory fines. , loss of reputation or trading restrictions stipulated by the regulator in providing actionable intelligence to counterparties.
– Dr. Mircea Mihaescu, CEO of Coinfirm