Marcus Andrade, chief operating officer of the NAC Foundation, LLC, and creator of the innovative new digital currency AML BitCoin, met with Slovenian and Estonian officials to probe how their governments could utilize AML BitCoin’s patent-pending digital blockchain platform.
Meeting with representatives of several governments at the time of the EU Digital Summit held in Tallinn, Estonia, Andrade had productive discussions with the Estonian e-Residency team, which has explored launching its own digital currency, the ESTcoin.
Andrade also briefed numerous Estonian legislative leaders, including key Parliamentarian digital commerce leader, Kalle Palling, on the intense international governmental interest in partnering with AML BitCoin as the solution for the instability and security issues threatening original Bitcoin.
“Because of its AML/KYC (anti-money laundering/know your customer) features, AML BitCoin is the digital currency most able to engage in mainstream commerce, taking its place among traditional payment options”, explained Andrade.
Marek Pajussar from the Estonian Financial Supervision Authority expressed strong interest in AML BitCoin’s technological advances with AML and KYC protocols and procedures.
In Slovenia, Andrade briefed the Slovenian Deputy Prime Minister and Minister of Public Administration, Boris Koprivnikar. Minister Koprivnikar acknowledged that blockchain is the technology of the future and wanted to understand how the identification segment of the AML BitCoin platform worked and could be used on a wider scale.
In his role as Minister of Public Administration, Mr Koprivnikar’s mission is to ensure efficient and forward-looking support for Slovenian citizen, industry and government initiatives.
“AML BitCoin’s white label platform is unique. It relies on complex verification methods, such as patent-pending biometric digital identification, that other digital currencies and financial technology platforms do not have and have not yet developed. This makes the AML BitCoin platform ideal for use by governments wanting to make their services digital, but also wanting to protect user identity”, explained Andrade.
In addition to his successful meeting with Minister Koprivnikar, Andrade also met with key representatives of the Slovenian National Assembly. Deputy Matej Tonin, one of the representatives pushing for cyber security regulation, queried Andrade about how other governments are approaching regulating blockchain and digital currencies.
“A number of nations throughout the world have recently moved against anonymous digital currency, such as Bitcoin, for fear that their anonymity promotes entry by criminal and terrorist elements into otherwise protected financial systems. In the United States, Members of Congress are considering legislation barring the use by U.S. merchants of anonymous, non-AML compliant cryptocurrencies”, explained Andrade.
Andrade hopes that Slovenia and Estonia, the European Union’s technology leaders, will soon join other governments around the world partnering with AML BitCoin to promote the use of digital currency with their stable and secure AML BitCoin platform.
NAC Foundation, headquartered in the U.S., is the creator of the AML BitCoin, the world’s only patent-pending digital currency with anti-money laundering, know-your-customer, anti-terrorism and theft-resistant properties. AML BitCoin is compliant with all major national security and financial protection laws and regulations, including the USA PATRIOT Act and the Bank Secrecy Act. NAC’s mission is to strengthen the acceptance and use of digital currencies by advancing throughout the world security compliance, combined with blockchain technology.
Name: Erwin Doornbos
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