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Trust Stamp (NASDAQ:IDAI): In the wake of recent announcements that the Company has raised in excess of $10m in new capital and has launched a multipronged Cryptocurrency focused initiative, the Company announced that it has submitted requests for no-action relief from the U.S. Securities and Exchange Commission together with a EU financial services regulator responsible for enforcement of the EU Markets in Crypto‑Assets Regulation (MiCAR).
The requests relate to the Company's recently announced biometrically validated, quantum-secure wallet that can serve as both a non-custodial wallet for Stablecoins and other assets and as a "Wallet of Wallets". In addition to the convenience and security afforded by live biometric authentication, the Wallet will offer businesses and individuals utilities not typically found in non-custodial warrants including multi-cryptocurrency holdings, cross-device availability, joint control, inheritance planning, alternative recovery methodologies and "Wallet of Wallets" capabilities.
Posted In: IDAI
