Solving compliance for crypto businesses using Decentralized Identity – Pelle Braendgaard – Webinar 60
A new global framework for regulating the crypto industry is coming into place this year. One of the most important new rules that businesses interacting with crypto has to implement is what is known as the Travel Rule. The Travel Rule, which is also known as The Wire Transfer rule, requires a business managing crypto on behalf of their user to transfer KYC’d (Know-Your-Customer) Identity Information to a receiving institution. Pelle Braendgaard, CEO of Notabene, will share his insights and explain how his company is tackling this business challenge for the industry.
Complying with this rule provides many challenges for the industry. Several industry groups have already started to invent several new protocols to solve this. Notabene helps financial companies be compliant with new, global anti-money laundering (AML) regulations for crypto transactions coming into effect right now. Pelle believes this is a critical use case for SSI (Self-Sovereign Identity). In this talk, he will go over the rule itself, industry protocols, how he sees SSI can help here, and how they are helping to solve it.
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