126 0 Kommentare DMG Granted Crypto Patent to Meet the Growing Focus of Regulators

VANCOUVER, British Columbia, May 25, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces the issuance of a patent by the US Patent and Trademark Office (USPTO) for U.S Patent No. 11,188,899 B2, which relates to a method for facilitating identity tracking in a cryptocurrency transaction, even if the associated blockchain itself does not store user identity information, i.e. it is anonymous or pseudo-anonymous.

As part of DMG’s focus on vertical integration, this patent solidifies our approach to our Core+ software strategy to meet the growing need for implementing strong KYC and AML processes to accelerate Bitcoin adoption. As reported previously, DMG has filed six patents.

“This patent enables DMG to further differentiate itself as building crypto infrastructure to ensure transactions can occur on the Bitcoin and other blockchains that meet regulatory requirements for know-your-customer (KYC), anti-money laundering (AML) and fraud prevention. These capabilities combined with Terra Pool, DMG’s ESG-friendly pool, and Petra to filter-in known-good transactions (i.e., transactions from KYC’ed actors) are the foundational technologies (both currently in beta testing with our partners) for DMG to grow its software-based Core+ strategy,” said Sheldon Bennett, DMG’s CEO.

About DMG Blockchain Solutions Inc.

DMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG’s vertical integration.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hash rate may materially affect the future performance of DMG’s production of Bitcoin, and future operating results could also be materially affected by the price of Bitcoin and an increase in hash rate mining difficulty.

For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com