UTC-05:00,Monday , December 09th 2019

Bithumb Launches Identification System To Assign Real Names To Virtual Accounts To Comply With AML

11:13 Wednesday , December 04th 2019
According to Bitcoin Exchange Guide, Bithumb has developed an identification ecosystem 'Value Network Domain Name System' (VDNS) that will make it more regulatory compliant.
Bithumb has since issued a press release highlighting the VDSN product and its pros when it comes to regulation. The exchange noted that this service will come in handy for other exchanges as well in terms of international compliance. In addition, new businesses and users will be efficiently on-ramped going forward. Basically, the Bithumb VDNS will enable easier address identity authentication with the allocation of domain names that do not exceed 32 characters for each on-chain.
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