Qtum to Implement On-Chain KYC Following Blockpass Partnership

Using QTUM, network users pay nominal fees to execute transactions or smart contract operations, creating an open and permissionless financial system. With the continuously evolving regulatory atmosphere of blockchain and cryptocurrency, know your customer (KYC) and anti-money laundering (AML) measures are becoming more unavoidable. With this in mind, Qtum has announced that it has partnered with Blockpass to bring on-chain identity verification options to its network. As one of the pioneers of KYC integration in blockchain platforms, Blockpass will enable the possibility for all Qtum users to seamlessly achieve regulatory…