Investing.com – EMURGO, the trading arm of Cardano, recently announced that it has entered into a strategic partnership with SaaS provider Blockpass.
This will make it possible to use a digital identity verification process to meet increasingly important KYC/AML guidelines, as Blockpass explained:
“We are always excited to be able to bring our unique KYC and AML solutions to a new ecosystem, and we are particularly happy to collaborate with EMURGO and Cardano in this context,” said Adam Vaziri, CEO of Blockpass.
“Cardano is a revolutionary blockchain and we are proud to have been chosen by EMURGO to serve the identity verification needs of the Cardano ecosystem with our revolutionary on-chain KYC.”
With this important step, Cardano should be armed to face the growing regulatory efforts of different governments around the world.
Just a few days ago, the EU passed a bill prohibiting crypto exchanges from carrying out transactions on wallets whose owner is not clearly verified. For users of the Cardano ecosystem, this should not be a problem in the future, if they have acquired a protected digital identity on Blockpass once and for all.
Cardano Technical Course Marks
Cardano is currently losing -2.72 percent at a price of $0.8637. The cryptocurrency failed to hold above the 61.8% Fibo retracement at $0.9373 and hence this level now offers resistance.
In the last 24 hours, the 78.6% Fibo support of $0.8540 was also broken while a new low was formed at $0.8276.
If the bulls fail to close the day above the 78.6% Fibo retracement, expect further losses towards $0.7478.
By Marco Oehrl