compliancerequirement
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#Write2Earn : A STABLECOINS
🏦🌞💥
It is a digital assets backed by law that aims to maintain a stable value relative to reference assets - often fiat currencies ( like EUR, BEL, USD etc) These Stablecoins also involves commodities
🌈 However , there are key compliance requirements which as follows :
1- KYC: Know your customer procedures
2- Licencing
3- Redemption rights
4- Audit and reporting
5- Reserve backing
🔥 There are laws guiding Stablecoins in different jurisdictions and countries.
#Write2Earn
#KYCVerification
#Compliancerequirement
🏦🌞💥
It is a digital assets backed by law that aims to maintain a stable value relative to reference assets - often fiat currencies ( like EUR, BEL, USD etc) These Stablecoins also involves commodities
🌈 However , there are key compliance requirements which as follows :
1- KYC: Know your customer procedures
2- Licencing
3- Redemption rights
4- Audit and reporting
5- Reserve backing
🔥 There are laws guiding Stablecoins in different jurisdictions and countries.
#Write2Earn
#KYCVerification
#Compliancerequirement
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