Seoul, South Korea, 14th November, 2022, Chainwire
ARGOS ID is delighted to introduce the world’s first Journey Rule answer for crypto wallets. The service brings full protection on verifying unhosted wallets which digital asset service suppliers(VASPs) discover difficult within the present stage.
As of the FATF steerage on verifying the originator and beneficiary info on digital asset transactions, figuring out the identities of the crypto pockets holders have been required. With the intention to adjust to the FATF’s steerage relating to unhosted wallets, jurisdictions have began making use of enforcement and supervisory measures to native VASPs.
To jurisdictions on the lookout for a simplified Journey Rule answer, particularly for private crypto wallets, ARGOS ID performs a key function. ARGOS ID brings the next advantages to VASPs:
Simple connection to unhosted wallets
With ARGOS ID, crypto pockets holders can simply confirm the data of their a number of crypto wallets. Making a crypto pockets is completed with out submitting any private info. With the intention to confirm the holder of the crypto pockets, it’s essential to confirm the id info of the pockets holder. ARGOS ID helps on figuring out the unhosted pockets customers to each the originator and the beneficiary.
After the creation of the ARGOS ID customers can connect with a number of crypto wallets comparable to MetaMask, Phantom, WalletConnect, and extra with only a one-time id verification course of(KYC).
Digital ID appropriate for Net 3 atmosphere
ARGOS ID gives a really perfect atmosphere the place people can handle info by themselves. It’s appropriate for the Net 3 atmosphere as ARGOS ID customers can resolve which info to delete or revise after finishing crypto pockets verification. Data consists of SNS login, verified crypto pockets, and images submitted for ID and selfie throughout the KYC. The proprietor of the pockets can handle his or her private info as ARGOS ID is a self-sovereign digital ID.
Simplified process for verifying a number of private wallets
Join a number of crypto wallets with one-time KYC (Know Your Buyer). The KYC course of have to be accomplished after creating ARGOS ID. Presently, ARGOS ID helps 5 blockchain networks – Ethereum, Solana, Binance Good Chain, Polygon, and Klaytn – and extra shall be added sooner or later.
Put up creating ARGOS ID with social login, KYC is carried out. As soon as KYC is accomplished, a number of crypto wallets comparable to MetaMask, Phantom, and WalletConnect can get linked and verified via ARGOS ID.
Digital asset transactions out there to the Third Social gathering
ARGOS ID lets digital asset transactions be attainable for a 3rd social gathering, which suggests sending the digital asset to non-VASP prospects can be attainable. For instance, when a VASP buyer needs to ship digital belongings to a 3rd social gathering, an individual who is just not a VASP buyer, ARGOS ID will also be utilized. Crypto pockets verification is on the market with ARGOS ID to each VASP prospects and non-customers.
As soon as each crypto wallets are verified, exchanging digital belongings between prospects and non-customers turns into attainable. As each the sender’s crypto pockets and the receiver’s pockets have been verified together with KYC, it’s anticipated to alleviate the inconvenience of quite a few digital asset exchanges within the present stage.
ARGOS ID is a digital ID appropriate for the Net 3 atmosphere. Apply ARGOS ID options to your service because it helps you in assembly regulatory compliance on sending and receiving digital belongings. Safely safe the mandatory sender’s and receiver’s info with ARGOS ID. With easy API and Net SDK, get ARGOS ID in your service prepared with none delay. Expertise the straightforward, quick, and simple integration.
ARGOS has began the enterprise aiming to offer seamless KYC. With the appearance of Net 3 and the rise within the crypto business, ARGOS has expanded its enterprise into ARGOS ID. ARGOS ID goals at offering a Journey Rule answer for verifying unhosted wallets. Make Unhosted Wallets Compliant.
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Jieun Lina Kim