THE HITBTC EXCHANGE PLATFORM WILL BE THE FIRST TO INTRODUCE THE NEW AML BITCOIN

The HitBTC European trading platform will be the first to buy and sell the new AML Bitcoin cryptocurrency.

Founded in 2013, HitBTC is now valued at more than $ 100 million, and has become one of the largest digital currency trading platforms, with daily volumes around $ 400 million.

AML TokenThe highly anticipated AML Bitcoin, which was created by the US entity NAC Foundation, will be referenced on the platform from December 15th.

This is the first cryptocurrency in the world to respond to what has long been a criticism of digital currencies: their entirely anonymous nature, which makes them often the target of financial regulators around the world, and suffer from a sometimes negative image in the eyes of the general public.

In order to overcome this problem, AML Bitcoin has set up, at the heart of its currency, an anti-money laundering (AML) technology and Know your customer (KYC, the regulation imposing a verification the identity of a company's customers) - a patent-pending technology.

This means that the currency is in line with most laws and regulations related to national security and financial protection, such as the Patriot Act or the Bank Secrecy Act.

Paul Clarkson, Product Manager at HitBTC, said:

"We are impressed by the innovation that AML Bitcoin brings to the field of cryptocurrencies, with a particular emphasis on regulatory compliance. We expect that its biometric identification features will bring greater transparency to cryptocurrency transactions, a growing need that has not yet been answered. "

AML Bitcoin presentation But the creation of this currency has not been easy. To comply with the AML / KYC requirements, which vary from country to country, AML Bitcoin developers have consulted with many industry players, but also with government representatives from major countries such as the United Kingdom or the United States, or those of smaller markets such as Panama or Estonia. AML Bitcoin aims to address many territories around the world.

In announcing the upcoming arrival of these tokens on the HitBTC platform, the CEO of the NAC Foundation shared his enthusiasm:

"We were hoping that the first platform to reference AML Bitcoin is HitBTC, and we are very pleased that this is the case. There are many other trading platforms that seek to comply with the regulatory requirements that our currency allows, and we are of course ready to help them do that. "

He continued as follows:

"Our patent-pending motto has been designed to offer a digital currency that meets AML and KYC requirements; we are therefore naturally considered differently, and this addition to HitBTC may have been easier for us than for other new cryptocurrencies. The way people have welcomed and talked about our digital currency has truly exceeded all our expectations. "

It has also been possible to see enthusiastic forecasts of how investors should be welcomed once it is offered on the exchange platforms - especially if the partnerships the NAC Foundation seeks currently to be made concrete.

Bullish investors include David Mata of Block Bits Capital, a speculative investment fund from Silicon Valley:

"Our portfolio is diversified and includes many digital currencies, but we're watching it closely. We arrived early, and took a substantial position. Even if nothing is certain, this could be the equivalent of an arrival on Facebook, while Mark Zuckerberg was in his dorm room and was looking for his first funding.