ADGM’s Blockchain-KYC Project

ADGM’s Blockchain-KYC Project

The Abu Dhabi Global Market’s (ADGM) regulatory body, the Financial Services Regulatory Authority (FSRA) along with Big Four audit firm KPMG successfully completed the first phase of blockchain-based Know Your Customer (KYC) utility project. It eyes to radically simplify the  cumbersome, repetitive tasks of financial institution. Following the success, the FSRA is now planning to launch its next phase.

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