Quote from: standards on March 10, 2018, 01:55:22 AM

Quote from: Thereisnospoon on March 10, 2018, 12:33:21 AM

Wonder if Selfkey is planning to work with cryptocurrency exchanges on KYC verification.
Thant alone would be a huge and would give bigest exposure to the project,not to mention positive impact on customer experience when signing up for an exchange and posible increase of security and safety of customer's funds.

Good point.
I believe the team have been considering it.
It would be great if someone from SelfKey can explain.

We are currently working to integrate the Identity Wallet to cryptocurrency exchange platforms that will be listed in the Marketplace. This will allow SelfKey users to submit their SelfKey ID to instantly sign up for a verified exchange account without needing to upload their ID data and documents again, while allowing exchanges to conduct KYC on these account applications and be compliant with the highest AML&CTF standards.

Currently, Exchanges are facing regulator pressure to implement the proper processes in order to be compliant with KYC & AML/CTF regulations, facing the risk of fines or even being shut down if they do not do so. At the same time, they are inundated with new customer signup requests. Some exchanges have at times, stopped taking new accounts altogether. SelfKey provides a solution for exchanges to efficiently solve both problems.