| Name | Title | Contact Details |
|---|---|---|
Russell Newton |
Director of Operational Risk and Information Security, SVP | Profile |
A true industry pioneer, the AML Bitcoin is a hybrid distributed ledger technology which provides a better approach for regulating a cryptocurrency while maintaining the uniqueness and intricacies of Bitcoin, or decentralized banking. The coin`s concept was first introduced to the market in September 2015. Using a “privately regulated public block-chain” format, the Aten Coin utilizes a novel personal identity-linked credential authentication protocol that is built into the source code of the coin. Based on the Bitcoin protocol, is designed to be compliant with the requirements of various laws that banks and other financial institutions are required to comply with. The NAC Foundation is the parent corporation to AML Bitcoin. The revolutionary currency will come with its own patent-pending, anti-money laundering algorithm, although the exact specifications of this technology will be revealed on October 1, 2017. It`s ultimate goal is to comply with all existing international AML and KYC laws.
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