Moorwand
publishes a ground-breaking whitepaper demonstrating how crypto and blockchain
are transforming today’s financial landscape.
Moorwand, an international payments company offering issuing
and acquiring solutions, has produced a whitepaper examining the key reasons
why the financial services industry has been challenged by the issues brought
into the regulatory space by new digital asset players.
The whitepaper entitled ‘Why have traditional issuers and banks taken so
long to innovate in Crypto and Blockchain?’ also demonstrates how, with the
right regulatory framework and international adoption, traditional institutions
could innovate with crypto and blockchain alongside traditional money
solutions.
The paper addresses the current challenges surrounding crypto and
blockchain from concerns regarding fraud and scams to risk and regulatory
fragmentation. It concludes with key insights and takeaways on what the future
holds for crypto and blockchain.
Robert Courtneidge, CEO of Moorwand, said, “Our whitepaper clearly lays
out the current issues and potential solutions surrounding crypto and
blockchain. These insights can help traditional banks and their methods move
forward to create a better financial ecosystem for today’s society.”
Moorwand has developed and continues to update its policy on blockchain
and cryptocurrencies. Its policy requires programme managers to adopt a robust
approach to their AML on users of their exchanges as a result of the fifth
Money Laundering DIRECTIVE (2015/849/EU) which is effective from 10 January 2020. “Our policy gives confidence to
banks and card schemes that funds are clean and acceptable,” added Robert.
WHY HAVE TRADITIONAL ISSUERS AND BANKS TAKEN SO LONG TO INNOVATE IN CRYPTOCURRENCIES (CRYPTO) AND BLOCKCHAIN?
