The importance of compliance in Blockchain and cripto market

[TraderBR]

The potential of applying the blockchain in Compliance is enormous, the potential in using the same technology to create self-executable contracts, known as "Smart Contracts", which would condition the validity of transactions to pre-established requirements. In other words, for security reasons the system would only "release" the transaction when all the pre-existing conditions were met. The interaction between Compliance and blockchain in the industry can also facilitate anti-money laundering practices, as well as provide a broader view of securities transactions and general capital assessments, being an important control tool for these actions, especially for entities obliged to report suspicious activities to the financial board.

When it comes to criptos the purpose is to comply with the laws and maintain reliable safety and conduct practices, this is the commitment the exchanges should provide to its customers, partners and community.