Meet the new EU regulation of cryptocurrencies with TantumIdent and strengthen the trust of your customers
Blockchain technology has taken the world by storm, with a diverse range of crypto assets offering new possibilities for financial transactions and storage of value. But while the crypto sector is growing rapidly, regulation of the sector is also progressing. On April 20, 2023, the European Parliament adopted a series of groundbreaking regulations aimed at increasing transparency, consumer protection and protection against market manipulation and financial crime. The EU has thus taken an important step towards a uniform legal framework for cryptocurrencies. But these new regulations also bring challenges for crypto companies.
To meet these new requirements while increasing your customers' trust, a reliable, flexible, and privacy-compliant identity verification tool is essential. This is where TantumIdent comes into play.
Meet the new EU regulation of cryptocurrencies with TantumIdent and strengthen the trust of your customers
Blockchain technology has taken the world by storm, with a diverse range of crypto assets offering new possibilities for financial transactions and storage of value. But while the crypto sector is growing rapidly, regulation of the sector is also progressing. On April 20, 2023, the European Parliament adopted a series of groundbreaking regulations aimed at increasing transparency, consumer protection and protection against market manipulation and financial crime. The EU has thus taken an important step towards a uniform legal framework for cryptocurrencies. But these new regulations also bring challenges for crypto companies.
To meet these new requirements while increasing your customers' trust, a reliable, flexible, and privacy-compliant identity verification tool is essential. This is where TantumIdent comes into play.
The new EU regulation and its impact on crypto companies
The new EU regulations require crypto companies to ensure the transmission of payer and payee details throughout the payment chain. In addition, transactions with crypto assets should be tracked in the same way as traditional money transfers. The so-called “Travel Rule”, which previously only applied to traditional financial transactions, will also apply to transfers of crypto assets in the future. This poses a significant challenge for crypto companies.
At the same time, compliance with these regulations also offers crypto companies the opportunity to increase the trust of their customers and position themselves on the market as a reputable and reliable provider.
Data protection and customer trust through TantumIdent
One of the biggest challenges for crypto companies is meeting the requirements of regulators while ensuring the privacy of their customers. With TantumIdent you can achieve exactly that.
TantumIdent allows you to verify your customers' identities without them having to share their personal information directly with you. This is because TantumIdent acts as a trusted third party. This way you can ensure your customers’ privacy while meeting EU regulatory requirements.
Conclusion: TantumIdent is your solution for the new EU regulations
The new EU regulations pose significant challenges for crypto companies, but also offer an opportunity to increase customer trust. TantumIdent offers you the opportunity to overcome these challenges and gain the trust of your customers.
With TantumIdent you can meet the new EU regulatory requirements without jeopardizing your customers' data protection. Use TantumIdent as your trusted identity verification tool to ensure compliance with new EU regulations and increase customer trust.
