Crypto Regulations: Scallop’s Role in Reaching Mass Adoption
summary
Claims a fully regulated blockchain (Tendermint/Cosmos + EVM) with KYC/AML/PEP/sanctions/KYT enforced in consensus so minted tokens only move between regulated wallets, and wallet addresses carry an IBAN per wallet tied to 1:1 e‑money tokens backed by bank accounts. Bridges require address whitelisting and pass Chainalysis/Elliptic checks and Onfido‑style identity verification. Holds EMD/Estonia/Canada/Dubai licenses and launches a public testnet now; devnet pending audit.
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chapters (10)
- 0:00Crypto regulations and Scallop's mission
- 1:56Regulations for mass adoption
- 3:00Scallop Chain: Fully regulated blockchain
- 4:24Regulatory checks for token transfers
- 6:09Wallet onboarding with IBAN
- 7:54Institutions integrate Scallop
- 9:19E-money tokens and MiCA
- 11:06Travel Rule compliance with Scallop
- 12:30Regulated services on Scallop
- 13:31Scallop Chain testnet launch
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