Node Sale KYC Strengthens Blockpass Tagline as a Secure Network for Crypto(TM)

Hong Kong (ANTARA/ACN Newswire) – Blockpass is excited to reveal a new solution being offered to Web3 companies that leverages the potential offered by node sales. Running node sales is an increasingly popular method for developing modular blockchains and Blockpass now provides extensive KYC solutions tailored to meet the specific demands required by node sales.

Blockpass, the Secure Network for Crypto™, has pioneered reusable identity and crypto-native KYC/AML solutions. A suite of ready-to-use compliance tools designed to lower onboarding costs, automate remediation, prove humanity, and protect against criminals, fraudulent activity, bots, and AI. Businesses can set up the service quickly, test it for free, and start verifying users. With approximately one million verified identity profiles, Blockpass facilitates instant onboarding, and to date more than a thousand businesses have taken advantage of this opportunity to benefit from the Blockpass compliance network. More information about Blockpass’s Node Sale KYC solution is available at https://www.blockpass.org/node-sale-kyc/.

Node sales involve publishers pre-selling license keys to the community and investor base, usually in the form of NFTs. Once the sale is complete, users must undergo a KYC/KYB process to have the NFT issued to their wallet as a license key which then allows the node operator to begin validating transactions and receiving mining rewards. Now with a comprehensive KYC solution, designed specifically for node sales, Blockpass simplifies the compliance processes involved in this, ensuring that all participants are verified and meet the necessary regulatory requirements easily and efficiently. Compliance requirements vary by issuing jurisdiction and Blockpass is ideal for navigating these requirements with years of compliance experience and consistent monitoring of regulatory updates. Some projects may have separate workflows for individuals or companies from high-risk jurisdictions to assess sources of funds, sources of wealth, or other Enhanced Due Diligence methods. Blockpass is perfectly placed to fulfill this aspect of node sales without any problems.

“Crypto and blockchain are constantly evolving and at Blockpass we make sure to stay at the forefront of ecosystem changes and government-imposed regulations,” said Adam Vaziri, CEO of Blockpass. “Development funding methods are critical to the brilliant minds who continue to innovate in this field and we are here to ensure that they can do so in a legal, safe and efficient manner.”

Blockpass has begun providing this exciting new service to businesses at the forefront of blockchain development. By integrating these new solutions, crypto companies can avoid violating compliance guidelines and criminals, and the ecosystem can thrive free from the risk of fraud. You can find out more about Node Sale KYC at https://www.blockpass.org/node-sale-kyc/.

About Blockpass

Get rid of tedious onboarding processes and welcome seamless compliance with Blockpass, the best turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, created by seasoned compliance veterans and crypto experts. Automate compliance processes, combat fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-level verification for your organization, and instantly enable compliant KYC/AML for DeFi, exchanges, token launchpads, NFT minting, and more. Through Blockpass’ decentralized network of one million pre-verified crypto enthusiasts and one thousand pre-verified businesses, you can expand your reach easily. Benefit Advanced KYC Bot™ for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC™ to comply with Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and more in partnering with Blockpass – The Secure Network for Crypto™ – for compliance you can trust, growth you can accelerate and experiences you can enjoy. Join the leading edge of onboarding that is safe and efficient.

Learn more and get involved with the Blockpass team:

Email: sales@blockpass.org

Reporter: PR Wire
Editor: PR Wire
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