Friday, March 16, 2018

Know your customer rules

The sandbox solves this problem with pre-qualification. The trader is crypto badged in the pipeline so power of attorney (thumb print) is sufficient.  Prequals solve a lot of problems, giving the trader is an advantage all around, like a credit rating. 

Swift, for example, can do bank to bank clearing as fast as anyone, the banks are prequalified. But the endpoints often not.  his is why fiaters are anxious to get biometrics and smarts at the end point, if hey get PoA, then they solve a whole set of regulatory problems,  prior to trades.  Badging should appear in the web standard, along side the discussion of notary functions.

Focus for CB
1) Sell entry into TBTF banking, make  your insurance cover
2) Make sure key wealth gets the full access secure smart card
3) License fiat bearer cash for use in standard router,

So you put the tech in the hands of key debt cartel players, ASAP. Then Fed make it plain that the large government programs must accept the risk of TBTF, operate from fed accounts. Fed wants their system up to date and leading charge, especially on prequal.

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