Current Compliance and Regulatory Landscape

DigiTap has a dual requirement from the fact that the platform enables interchangeable use of fiat and cryptocurrency, connecting users to both centralized banking systems and decentralized blockchain networks.

At present, compliance obligations include:

• KYC (Know Your Customer) and KYB (Know Your Business) verification to prevent fraud and illicit activity.

• AML (Anti-Money Laundering) and CTF (Counter-Terrorist Financing) protocols to meet global financial security standards.

• Data protection and privacy compliance, such as GDPR in the EU and equivalent frameworks in other regions.

• Jurisdiction-specific banking regulations, often requiring licensing or partnerships with regulated banks for fiat services.

• Restrictions on crypto transactions in certain countries due to unclear or restrictive legislation.