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We are happy to share that E Money Network is partnering with , a blockchain project developing modular infrastructure for dynamic asset dApps and marketplaces. This partnership will enable Buk Protocol to leverage E Money Network’s compliance-focused approach to adhere to regulatory standards across all their operations.
is an L1 RWA blockchain with integrated compliance modules. Each and every user accessing the E Money Network ecosystem has to undergo a mandatory KYC verification. Only KYC-verified users are allowed access to E Money Network’s functionalities, thereby making the ecosystem’s operations compliant with Markets in Crypto Assets (MiCA) regulations.
By leveraging the capabilities of the E Money Network ecosystem, Buk Protocol also ensures compliance across its operations by default, mitigating the risks associated with non-compliance. This alignment with regulatory standards enables Buk Protocol to enhance user confidence, develop market integrity, and attract more retail and institutional investors to their ecosystem.
E-money tokens(EMTs) are poised to replace non-compliant stablecoins in the EU on account of MiCA implementation. E-money tokens maintain a stable value by referencing a single fiat currency.
By partnering with E Money Network, Buk Protocol will gain access to MiCA-approved e-money tokens in the future, facilitating secure, transparent and compliant transactions. This partnership will also enable Buk Protocol to power cross-border payments and propel liquidity within their ecosystem. Additionally, Buk Protocol can expand its market reach by leveraging the advantages of EMTs.
In a nutshell, the partnership between E Money Network and Buk Protocol is set to foster growth and trust in the broader RWA realm by enabling compliant transactions, greater transparency and liquidity, and more robust security in asset management.
