CoolBitX Partners with SBI VC to Provide KYC Services
- The Japanese crypto exchange also integrated CoolBitX’s wallet platform.
Crypto hardware wallet maker CoolBitX on Thursday announced that it has launched a “first-to-market” KYC/AML compliance-focused virtual asset transaction and security solution.
The Taipei-based company has also partnered with Japanese SBI Group’s crypto trading arm SBI VC Trade and will offer its newly launched KYC services to the platform.
“In a major step towards safer and more wide-spread cryptocurrency adoption, we are proud to have partnered with SBI VC on CoolXWallet, a KYC/AML solution based on CoolBitX’s technology,” Michael Ou, founder and chief executive of CoolBitx, said.
He also pointed out the mandatory need of strict KYC/AML practices by virtual currency exchanges, which in turn will help the company to partner with more industry players.
Services to secure crypto holdings
CoolBitX launched its hardware wallet in 2018 and added support to an array of digital coins including Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term, Litecoin, XRP, Bitcoin Cash, and dozens of ERC-20 tokens.
The announcement also detailed that SBI VC is one of the early adopters of CoolBitX’s technology and integrated the wallet to its platform, allowing customers to withdraw digital assets to their wallets following multiple layers of KYC.
“Currently, most KYC/AML responsibilities lie with the exchanges to ensure all transactions and individuals are legitimate. CoolBitX is happy to work with SBI VC by providing the CoolXWallet, and help in SBI VC’s effort to implement best practices in the area of KYC/AML for digital assets,” Ou added.
The wallet provider also partnered with Binance and most recently with DX.Exchange to enable safe transfer of funds to the wallet platform.
“Using CoolBitX’s technology, CoolXWallet has given SBI VC an easy way to protect our customers while complying with Japanese and international KYC standards. The borderless nature of digital assets requires a solution that isn’t bound by geographical boundaries, and because of that, we are excited to implement the wallet as a secure system to drive cryptocurrency adoption forward,” Yoshitaka Kitao, president and CEO of SBI Holdings, said.
Crypto hardware wallet maker CoolBitX on Thursday announced that it has launched a “first-to-market” KYC/AML compliance-focused virtual asset transaction and security solution.
The Taipei-based company has also partnered with Japanese SBI Group’s crypto trading arm SBI VC Trade and will offer its newly launched KYC services to the platform.
“In a major step towards safer and more wide-spread cryptocurrency adoption, we are proud to have partnered with SBI VC on CoolXWallet, a KYC/AML solution based on CoolBitX’s technology,” Michael Ou, founder and chief executive of CoolBitx, said.
He also pointed out the mandatory need of strict KYC/AML practices by virtual currency exchanges, which in turn will help the company to partner with more industry players.
Services to secure crypto holdings
CoolBitX launched its hardware wallet in 2018 and added support to an array of digital coins including Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term, Litecoin, XRP, Bitcoin Cash, and dozens of ERC-20 tokens.
The announcement also detailed that SBI VC is one of the early adopters of CoolBitX’s technology and integrated the wallet to its platform, allowing customers to withdraw digital assets to their wallets following multiple layers of KYC.
“Currently, most KYC/AML responsibilities lie with the exchanges to ensure all transactions and individuals are legitimate. CoolBitX is happy to work with SBI VC by providing the CoolXWallet, and help in SBI VC’s effort to implement best practices in the area of KYC/AML for digital assets,” Ou added.
The wallet provider also partnered with Binance and most recently with DX.Exchange to enable safe transfer of funds to the wallet platform.
“Using CoolBitX’s technology, CoolXWallet has given SBI VC an easy way to protect our customers while complying with Japanese and international KYC standards. The borderless nature of digital assets requires a solution that isn’t bound by geographical boundaries, and because of that, we are excited to implement the wallet as a secure system to drive cryptocurrency adoption forward,” Yoshitaka Kitao, president and CEO of SBI Holdings, said.