The latest iSignThis announcement: BuyCoinNow transacting with iSignThis
iSignThis – the world leading RegTech for identity verification and payment services has recently announced that the integration with payment processor BuyCoinNow has completed. The transactions are being processed “live” via Paydentity service.
What is essential in this announcement is the fact that European Commission has foreshadowed that it intends to regulate digital currency under the proposed “5th AML Directive”, which will require all digital currency exchanges and wallets to conform to AML customer due to diligence requirements and transaction monitoring. Processing transactions via Paydentity meet the not-yet-introduced requirements and let BuyCoinNow continue its business in the regulated future.
iSignThis Ltd, as mentioned, is the world leading RegTech offering remote identity verification, payment authentication, and payment processing to meet AML/CFT requirements. The company established in Australia provides an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity and ISXPay® solutions.
BuyCoinNow, on the other hand, is simple transaction processor held by Verified Solutions – a software house focused on delivering IT solutions dedicated to the cryptocurrency technology.
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