EU Crypto Wallets: Soulbound Tokens for Regulatory Compliance
Gabriel Mael
Last updated: February 14, 2024 4:41 AM
Gabriel Mael
3 hours ago
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On behalf of a group of tech companies based in Europe, for example, IDnow, IOTA Foundation, and walt.id are developing a system to help crypto accounts to stick to newly designed EU laws. It relies on âsoulbound tokensâ (SBTs) which among others secure the usersâ identities without disclosing the private information.
âWe are excited to address a pressing need for crypto wallet solutions that comply with the latest EU regulations,â says Rayissa Armata of IDnow.
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