Creator of AML BitCoin in Talks With Estonian and Slovenian Governments on Blockchain Projects

By , in PR PR World on .

TALLIN, Estonia

NAC Foundation, LLC – the company behind new digital currency AML BitCoin and patent-pending anti-money laundering and know-your-customer technologies, has announced negotiations with Slovenian and Estonian officials to probe how these countries could utilize AML BitCoin’s patent-pending digital blockchain platform.

Led by the CEO of NAC Foundation Marcus Andrade, the meetings were held at the time of the EU Digital Summit in Tallinn, Estonia. Andrade briefed numerous Estonian legislative leaders, including a key parliamentarian digital commerce leader Kalle Palling, on strong international governmental interest in partnering with AML BitCoin who see the project as a solution to stability and security problems threatening the Bitcoin cryptocurrency. Andrade also presented the project to the Estonian e-Residency team, which is exploring a launch of its own digital currency, the ESTcoin.

“Because of its AML/KYC (anti-money laundering/know your customer) features, AML BitCoin is the digital currency that is most able to engage in mainstream commerce, taking its place among traditional payment options,” said Andrade.
Marek Pajussar from the Estonian Financial Supervision Authority expressed strong interest in AML BitCoin’s technological advances with its AML and KYC protocols and procedures.

In Slovenia, Andrade briefed the Slovenian Deputy Prime Minister and Minister of Public Administration Boris Koprivnikar. As the Minister of Public Administration, Mr Koprivnikar’s mission is to ensure efficient and forward-looking support for Slovenian citizen, industry and government initiatives. He showed particular interest in understanding how the identification segment of the AML BitCoin platform could be used on a wider scale.

Mr. Andrade also met with key representatives of the Slovenian National Assembly. Deputy Matej Tonin, one of the representatives pushing for cyber security regulation, queried Andrade on how other governments are approaching regulating blockchain and digital currencies.

Andrade hopes that Slovenia and Estonia – the European Union’s technology leaders – will soon join other governments around the world partnering with AML BitCoin to promote the use of digital currency with their stable and secure AML BitCoin platform.

“AML BitCoin’s white label platform is unique. It relies on complex verification methods, such as patent-pending biometric digital identification, that other digital currencies and financial technology platforms do not have and have not yet developed. This makes the AML BitCoin platform ideal for use by governments wanting to make their services digital, but also wanting to protect user identity. A number of nations have recently moved against anonymous digital currency, such as Bitcoin, for fear that their anonymity promotes entry by criminal and terrorist elements into otherwise protected financial systems. In the United States, Members of Congress are considering legislation barring the use by U.S. merchants of anonymous, non-AML compliant cryptocurrencies,” said Andrade.

AML BitCoin is the world’s only digital currency with a patent-pending biometric digital identity system tied to the blockchain, enabling strict adherence to all bank security provisions including AML (anti-money laundering) and KYC (know your customer) protections.

About NAC Foundation

NAC Foundation, headquartered in the U.S., is the creator of the AML BitCoin, the world’s only patent-pending digital currency with anti-money laundering, know-your-customer, anti-terrorism and theft-resistant properties. AML BitCoin is compliant with all major national security and financial protection laws and regulations, including the USA PATRIOT Act and the Bank Secrecy Act. NAC's mission is to strengthen the acceptance and use of digital currencies by advancing throughout the world security compliance, combined with blockchain technology. For more information, please visit http://www.AmlBitCoin.com or AmlToken.com

The following two tabs change content below.
Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
%d bloggers like this: