Anti Money Laundering (AML)

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A legal and regulatory measure, often required, to prevent money laundering. Anti-money laundering measures are especially necessary for the cryptocurrency space since transactions and currency holdings may be completely anonymous.

 

Security Token

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Is a token which differs from a cryptocurrency as its value is related to its function within a particular ecosystem and not limited to one role (cryptocurrency serve only as an exchange of value) but may offer stake, voting rights or anything that a company decides to offer those who own their token(s). The U.S. Securities and Exchange Commision uses the “Howey Test” to determine if a token meets their standard of a security.

 

Whitelist

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A whitelist is a list of all subjects deemed fit for access. With security in mind, cryptocurrency centric web applications and services require verification of identity to meet their whitelisting standards.