What Is “RegTech” and How Does Blockchain Immutability Support Its Goals?
RegTech (Regulatory Technology) refers to the use of technology to enhance regulatory processes, monitoring, and compliance. Blockchain's immutability directly supports RegTech by providing a permanent, tamper-proof record of compliance-relevant data.
This allows for automated, real-time monitoring and reporting. Instead of relying on periodic audits of mutable data, RegTech solutions can continuously verify adherence to rules against the unchangeable ledger, making compliance more efficient and robust.
Glossar
RegTech
Compliance ⎊ RegTech within cryptocurrency, options trading, and financial derivatives focuses on automating regulatory reporting obligations, particularly concerning Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, adapting to evolving frameworks like MiCA.
RegTech Solutions
Attestation ⎊ RegTech solutions within cryptocurrency, options trading, and financial derivatives increasingly focus on providing verifiable proof of compliance with regulatory requirements.
Blockchain's Immutability
Ledger ⎊ Blockchain's immutability, within the context of cryptocurrency, options trading, and financial derivatives, fundamentally derives from the cryptographic hashing and distributed consensus mechanisms underpinning its architecture.
Support
Foundation ⎊ Support, within cryptocurrency and derivatives markets, represents a price level where demand is strong enough to prevent further declines, acting as a potential reversal point for asset valuation.
Blockchain Immutability
Provenance ⎊ Blockchain immutability, within cryptocurrency and derivative markets, establishes a tamper-evident record of transaction history, fundamentally altering information asymmetry.