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DMG's subsidiary Blockseer Launches Bitcoin Mining Pool Focused on Good Governance, Auditability and OFAC ComplianceV.DMGI | October 29, 2020
VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a diversified blockchain and technology company, is pleased to announce the launch of a new North America-based Bitcoin mining pool from its USA subsidiary company Blockseer.
[...]
All users of Blockseer’s pool are required to pass KYC (Know Your Customer) protocols, and blocks posted to the Bitcoin blockchain by Blockseer’s pool will only contain filtered transactions using Blockseer and Walletscore’s labeling data, along with verified sources such as the United States OFAC blacklist for crypto. Blockseer’s data analytics platform has been used by various law enforcement agencies over the past six years, providing Blockseer’s new pool with credible data relating to fraud, theft, money laundering and various other nefarious dealings which will be filtered out of any block that this pool will post to the Bitcoin blockchain.. Blockseer has a US patent pending novel approach to transaction filtering which examines transactions to and from bitcoin wallets which will exclude high risk wallets from being included in Blockseer’s posted blocks.
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About DMG Blockchain Solutions Inc.[...] DMG’s management team includes seasoned crypto experts, forensic & financial professionals and blockchain developers with deep relationships throughout the industry, with previous experience working at Bitfury, PwC, EY, Cisco and UBS.
For more information on DMG Blockchain Solutions visit:
www.dmgblockchain.comOn behalf of the Board of Directors,
Daniel Reitzik, CEO & Director
For further information, please contact:
DMG Blockchain Solutions Inc.Daniel Reitzik
Email:
investors@dmgblockchain.comWeb:
www.dmgblockchain.comCautionary Note Regarding Forward-Looking InformationThis news release contains forward-looking information based on current expectations. [...]
That has so many levels of wrongness, I will not even bother with my highlighter.
I couldn’t have said it better myself.