Movement Labs, a blockchain development company behind the Move language-based blockchain, has announced its entry into the ERC-3643 Association. ERC-3643 is an identity-based token standard that facilitates token transfers based on whitelisted users, enabling legal and regulatory compliance on-chain. Movement Labs plans to integrate the ERC-3643 standard into its upcoming Layer-2 blockchain, the Movement Network, marking the first instance of ERC-3643 on a non-EVM network. The ERC-3643 compliant token standard is set forth to ensure regulatory compliance. By joining the ERC-3643 Association, Movement Labs demonstrates its commitment to adhering to regulatory standards and fostering a compliant ecosystem within the Movement Network. Stay tuned as we delve deeper into the implications of this partnership and its potential impact on the future of token standards and regulatory compliance in the blockchain industry.
