Whitepaper
  • E Money Network Whitepaper
  • Disclaimer
  • Abstract: E Money Network - Bridging the Gap Between Traditional Finance and Web3
  • Table of Content
  • Introduction
    • Emerging Regulatory Landscape
    • E Money Network Vision
    • The First Regulated Blockchain
  • Opportunities and Solution
    • Embracing Regulatory Compliance and Adherence
    • E Money Network Value Proposition
  • E Money Network Overview
    • About the E Money Network
    • Consensus
    • KYC (Know Your Customer) / KYB (Know Your Business)
    • AML
    • Biometric Bridge
    • Harmonising with Current and Evolving Regulatory Standards
  • Use Cases of E Money Network
  • Products: E Money Network
    • E Money Network Wallet
    • E Money Network Pay
    • E Money Coin
      • EMYC Utility
  • $EMYC Tokenomics
  • Technical Documentation
  • Conclusion
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  1. E Money Network Overview

KYC (Know Your Customer) / KYB (Know Your Business)

A distinctive feature of the E-Money Network is its implementation of the KYC (Know Your Customer) and KYB (Know Your Business) processes. Before engaging with the chain, all applications and users are subjected to these comprehensive identity verification procedures. Central to the E-Money network is its regulated nature wherein every app and user within the ecosystem undergoes KYC validation by a centralised entity which is often the regulator. Users lacking KYC verification and applications without KYB validation face specific restrictions. Transactions from these entities are automatically rejected by validators, ensuring that only regulated parties enjoy access to the chain. This stringent approach adds an extra layer of security and compliance to the E-Money Network.

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Last updated 6 months ago