Washington, DC, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Bitcoin prices are falling fast. Governments are banning digital currencies and exchanges. Hackers and rogue nations such as North Korea are plundering digital accounts, stealing billions of dollars for their nefarious aims. Facebook and others are banning cryptocurrency advertising. Banks and credit cards are terminating bitcoin transactions.
The digital currency world is in turmoil and it is hard to comprehend how this world has changed so drastically in less than two months. The problem stems from the anonymous nature of cryptocurrency. Bitcoin and virtually all alt-coins cannot identify their buyers and sellers, nor monitor criminal activity, features which worry regulators.
The problem is that this anonymity is causing governments and industry to bar digital currencies, which in turn has caused a massive collapse in value of digital currencies. In the past month, market capitalization for cryptocurrencies has fallen almost $500 billion!
The solution is a vital upgrade, which bridges the exciting bitcoin of the past and the digital currencies of the future and facilitates digital currency compliance with international financial laws. That upgrade has arrived: AML BitCoin.
The core structure of the AML BitCoin features the world’s only patent-pending compliance with anti-money laundering (AML), know-your-customer (KYC) and anti-terrorist financing laws, as well as compliance with international financial and banking security laws. Moreover, unlike other digital currencies, because of its patent-pending biometric digital identity blockchain-based wallet structure, AML BitCoin cannot be stolen by ransomware thieves, terrorists or rogue regimes, such as Kim Jong-Un’s North Korea – subject of AML BitCoin’s widely viewed hilarious recent commercial advertisement.
But, while governments are enthusiastically exploring the new digital currency, the bitcoin elite and their Washington lobbyists are mortified. Their impossible mission– to get governments to accept non-AML/KYC compliant cryptocurrency – is doomed for failure. But instead of embracing the technology that would enable digital currency to scale to widespread commercial and government use, they attack AML BitCoin.
The next evolution of digital currency – Cryptocurrency 2.0 – will be the transition from non-AML/KYC compliant cryptocurrency to AML BitCoin, and other compliant digital currencies. But the lobbyists and their elite sponsors fear the transition – or even a discussion of this metamorphosis – preferring instead to snipe at AML BitCoin, setting the stage for a great, coming confrontation that will determine the future of digital currency – a technology that most experts predict will likely determine the next wave of innovation worldwide.
Set-up an interview with Brian Darling, who represents AML BitCoin and can explain the coming Crypto War.
Brian Darling is a spokesperson for AML BitCoin, a frequent guest on television and talk radio and has conducted hundreds of interviews in outlets such as Fox News, Fox Business, CNN, MSNBC, CNBC and the Washington Post. Youtube HERE.
About NAC Foundation: NAC Foundation, headquartered in the U.S. and a member of the American Bank Association, created AML BitCoin and its predecessor digital currency, the Aten Coin, both of which were built with anti-money laundering, anti-terrorism and theft-resistant properties built into the coin. As a result, they are compliant with numerous laws, including Anti-Money Laundering (AML), PATRIOT Act, Bank Secrecy Act and Anti-Fraud and Financial Crimes (AFF). NAC’s mission is to strengthen the social sector by advancing knowledge about the use of regulated digital currencies and blockchain technology globally.
For more information about NAC Foundation and AML BitCoin, visit www.AMLBitCoin.com.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/466f3c8a-45e4-4b6e-936d-0faa91048f31
David O'Brien CRAFT | Media/Digital 215-760-8617 email@example.com