ICO launch. Product launch. Technically: validate that the owner of an Ethereum wallet has passed an ID background check stating that they are not part of a restricted set of users (e.g. US citizen or individuals on official watchlists). The background check is run via a third party, namely Onfido. The ICO Pass team has set up a smart contract system to record the outcome of the background check on the public Ethereum blockchain, i.e. whitelist Ethereum addresses that are owned by non-restricted users. Legal point of view: doublecheck with all the regulators in different countries how to even more effectively meet their requirements. Business: attract first ICOs from Europe.
New databases are added for higher accuracy.
Video identification with live agents added.
ICO organizer communication tool added for contacting ICO contributors.
Integration with US State Revenue Service or Banks to automatically determine if the investor is accredited. First US based ICO.
Integration finished with Banks who in EU are providing their APIs under PSD2 regulation. Automatically determines if the person is accredited investor.
Interest payout functionality in app.
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