Susana

A New Dawn in the Cryptocurrency Market

By Susana | 25 July, 2024 | Comments 0 Comment

ALTCOINS CHALLENGE BITCOIN’S DOMINANCE
A NEW DAWN IN THE CRYPTOCURRENCY MARKET!

In recent months, we have witnessed an interesting phenomenon in the world of cryptocurrencies: altcoins are overcoming Bitcoin’s decline and are positioning themselves as market players.

Far from blindly following the ups and downs of Bitcoin, altcoins are showing remarkable resilience and even experiencing significant rallies, while the mother currency is in a period of relative stability.

What is driving this change?

Several factors are contributing to this new landscape:

Increased adoption. – Altcoins are gaining ground in terms of adoption and usage. More and more people and businesses are using these cryptocurrencies for payments, investments and other applications.

Innovation. – The altcoin ecosystem is constantly evolving, with new technologies and projects emerging all the time. This attracts investors and users looking for innovative opportunities.

Diversification. – Investors are looking to diversify their cryptocurrency portfolios to reduce risk. Altcoins, with their different features and use cases, offer an attractive way to do this.

What are the most prominent altcoins?

It is difficult to name just a few, as the altcoin landscape is constantly changing. However, some of the altcoins that are showing particularly good performance at the moment include:

Ethereum (ETH)

The second largest cryptocurrency by market capitalisation, Ethereum remains a popular platform for decentralised applications (DApps) and smart contracts.

Binance Coin (BNB)

The native cryptocurrency of the Binance exchange, it has benefited from the exchange’s growth and its growing ecosystem of services.

Cardano (ADA)

A blockchain platform known for its focus on scalability and security, Cardano is attracting developers looking to build next-generation applications.

Solana (SOL)

A high-performance blockchain, Solana has gained attention for its speed and low transaction fees.

Polkadot (DOT)

A blockchain network that enables interoperability between different blockchains, Polkadot is positioned to play a major role in the future of cryptocurrencies.

What does this mean for the future of the cryptocurrency market?

The rise of altcoins marks a new chapter in the history of cryptocurrencies. It is an indication that the market is maturing and diversifying, making it more resilient and attractive to a wider range of investors.

It is important to remember that the cryptocurrency market remains highly volatile and that investments in altcoins carry high risk. However, for investors with an appetite for risk and a long-term perspective, altcoins can offer exciting growth opportunities.

In short, the rise of altcoins is an exciting development that is transforming the cryptocurrency landscape. While investing in altcoins carries risks, it also offers significant growth potential for those who are willing to research and take risks.

Here are some tips for investing in altcoins:

Do your research before you invest, it is crucial to understand the fundamentals of any altcoin you invest in. Read the whitepaper of the project, study the team behind it and evaluate its potential use.

Diversify your wallets, don’t invest all your money in one altcoin. Spread your investment across different altcoins with different use cases.

Invest with caution so that it does not affect your financial situation, altcoins are speculative investments and there is a risk of losing all your money. Invest only what you can afford to lose.

Be patient and do not get discouraged if your investments do not pay off immediately. The cryptocurrency market is volatile and prices can rise and fall quickly. Keep a long-term perspective.

Disclaimer: The information set out herein should not be taken as financial advice or investment recommendations. All investments and trading involve risk and it is the responsibility of each individual to do their due diligence before making any investment decision.

Artificial Intelligence and its transformative impact on the Crypto World

By Susana | 18 July, 2024 | Comments 0 Comment

ARTIFICIAL
INTELLIGENCE (AI) IS RAPIDLY TRANSFORMING THE CRYPTOCURRENCY LANDSCAPE,
INTRODUCING NEW POSSIBILITIES AND REVOLUTIONISING THE WAY WE INTERACT WITH
THESE DIGITAL ASSETS

From improving security and efficiency to creating new trading and analytics tools, AI is driving innovation across the crypto ecosystem.

Exploring AI Applications in Crypto

Sentiment Analysis and Price Prediction: AI can analyse large amounts of data from social networks, news and forums to identify trends and patterns that could indicate future market movements.

Algorithmic Trading: AI algorithms can automate cryptocurrency trading, making buy and sell decisions based on various indicators and strategies.

Fraud and Money Laundering Detection: AI can be used to identify fraudulent transactions and money laundering activities on blockchain networks, improving security and transparency.

Improved Scalability: AI can optimise transaction validation and consensus processes in blockchain networks, increasing their scalability and capacity to handle a higher volume of transactions.

Creation of Intelligent DApps: AI can empower DApps (decentralised applications) with more intelligent and autonomous functions, such as asset management, loan origination and task automation.

Virtual Assistants and Customer Service: AI can be used to create chatbots and virtual assistants to provide customer support, answer questions and resolve issues quickly and efficiently.

Risk Analysis and Investment Management: AI can help investors assess risks, diversify portfolios and make more informed investment decisions.

Personalisation of Experiences: AI can personalise the user experience on cryptocurrency platforms, recommending assets, strategies and financial services that match their needs and interests.

Examples of Projects Integrating AI in Crypto

Numerai: A decentralised marketplace for AI-powered cryptocurrency price predictions.

Augur: A forecasting platform that allows users to bet on future events using cryptocurrencies.

Synthetix: A protocol that creates synthetic assets based on real-world assets, such as stocks, commodities and currencies, using AI to determine their price.

Chainlink: A decentralised oracle that uses AI to connect smart contracts with real-world data.

Conclusion

The integration of AI into the crypto world is in its early stages, but its potential is huge. As the technology develops, we can expect to see even more innovative applications that transform the way we interact with cryptocurrencies and financial services in general.

However, it is important to remember that AI also presents challenges:

Bias and Discrimination: It is crucial that AI algorithms are developed responsibly and ethically to avoid discriminatory biases.

Centralisation and Control: AI could be used to centralise power in the hands of a few, which contradicts the decentralisation principles of cryptocurrencies.

Privacy and Security: AI processing large amounts of user data poses privacy and security risks.

The future of AI in the Crypto World is bright, but its development must be guided by principles of accountability, ethics and transparency to ensure a positive and lasting impact on the industry and society at large.

Tokens: Security o Commodity? Differences you need to know

By Susana | 11 July, 2024 | Comments 0 Comment

In the world of cryptocurrencies, two types of tokens are gaining more and more attention: Security Tokens and Commodity Tokens. While both fall under the umbrella of digital assets, understanding their differences is crucial to making informed decisions as an investor.

What are Security Tokens?

Imagine owning shares in a company, but in digital form. Security tokens represent traditional financial assets, such as stocks, bonds or derivatives, tokenised on the blockchain. By investing in them, you not only acquire ownership, but you can also expect to earn a return in the form of dividends, capital appreciation or token price appreciation.

What are commodity tokens?

Commodity tokens, on the other hand, represent commodities such as gold, oil, coffee or grain. They function as a tool to facilitate the trading of these assets, digitising them and making them more accessible. Unlike Security Tokens, they are not considered as investments with expected returns, but their value is based on the actual price of the commodity they represent.

Key differences

Purpose: Security Tokens focus on investment and profit-making, while Commodity Tokens facilitate the exchange of commodities.

Regulation: Security Tokens are subject to stricter regulations similar to traditional securities, while Commodity Tokens are generally considered fungible commodities and are not subject to the same restrictions.

Examples: Security Tokens include tokenised shares, real estate tokens or debt tokens. Examples of Commodity Tokens include Digix Gold (DGX), which represents digital gold, or Tether Gold (XAUt), which is linked to the price of physical gold.

What should I invest in?

The decision to invest in Security Tokens or Commodity Tokens depends on your financial goals and risk tolerance.

Security Tokens: If you are looking for investment opportunities with long-term profit potential, Security Tokens can be an attractive option. However, be aware that they are subject to more complex regulations and carry greater risk.

Commodity Tokens: If you are interested in facilitating commodity trading or hedging against inflation, Commodity Tokens could be an interesting alternative. However, remember that their value is linked to the price of the commodity they represent, which implies volatility.

Alloy: the new gold-backed stablecoin from Tether, an alternative to the beleaguered USDT?Alloy:

By Susana | 4 July, 2024 | Comments 0 Comment

TETHER, THE ISSUER OF THE POPULAR STABLECOIN USDT, RECENTLY LAUNCHED ALLOY (aUSDT), A NEW STABLE CURRENCY LINKED TO THE US DOLLAR AND BACKED BY GOLD

This new initiative has generated a lot of buzz in the cryptocurrency market, especially in a context where USDT is facing challenges in Europe due to the new MiCA regulation.

How is Alloy different from USDT?

Backing: USDT is backed by a combination of assets, including cash, bonds and receivables. Alloy, on the other hand, has a more tangible backing: physical gold. Tether claims that each aUSDT token is backed by one gram of physical gold stored in its reserves.
Stability: Both currencies seek to maintain a stable price of one US dollar. However, the gold backing of Alloy could, in theory, offer greater long-term stability, as the value of gold tends to be less volatile than other assets.
Regulation: USDT has been the subject of regulatory scrutiny in Europe, with some countries expressing concerns about the lack of transparency in its holdings. Alloy, being a new currency, has not yet been subject to such reviews. However, it is important to note that cryptocurrency regulation is still under development and could affect Alloy in the future.
Capacity: The issuance capacity of USDT has been questioned in the past, with some accusations that Tether has printed more tokens than are backed by its reserves. Alloy, being a newer coin, has not yet faced such criticism. However, it is important for Tether to provide full transparency about its gold reserves and the aUSDT issuance process in order to build trust in the community.

Is Alloy a better option than USDT?

It is too early to say. Alloy has some interesting features that could make it an attractive alternative to USDT, especially for investors seeking greater stability and tangible backing. However, it is important to remember that Alloy is a new coin and has not yet been tested in the market. In addition, regulatory uncertainty and doubts about issuance capacity could affect its adoption.

To sum up:
Alloy is a new Tether stablecoin pegged to the US dollar and backed by physical gold.
It differs from USDT in its backing, potential stability and, so far, lack of regulatory scrutiny.
It is too early to determine whether Alloy is a better option than USDT. Investors should carefully consider the risks and rewards before investing in any cryptocurrency.

At EurocoinPay, we are always at the forefront of innovation and security and continue to actively work to expand our stablecoin offering and provide you with the best possible experience.

We are exploring the integration of new stablecoins into our platform, so you can choose the one that best suits your needs.

We are prepared for any scenario and we are aware of the current USDT situation. Therefore, we are taking steps to ensure that our users have access to stable and secure alternatives, even if USDT goes out of business.

Our commitment to the security of our users is our top priority and we will only integrate stablecoins that meet the highest standards of security and reliability.

Regarding Alloy, we do not currently plan to list this asset on our exchange. However, we will continue to evaluate its potential and will inform you of any changes to this decision.

As for USDT, EurocoinPay will continue to hold this asset pending confirmation from MiCA and we will let you know as soon as we have any news.

Together we are building the future of cryptocurrency payments!

Want to know more? Stay tuned to our social media and blog for the latest news on EurocoinPay stablecoins.

The SEPA Area and the Crypto World

By Susana | 27 June, 2024 | Comments 0 Comment

A GUIDE FOR INDIVIDUAL INVESTOR

The Euro Payments Area (SEPA) opens up a world of possibilities for cryptocurrency enthusiasts looking to invest in this fast-growing digital asset. With over 440 million inhabitants and a combined GDP of €13 trillion, this region offers fertile ground for exploration and profit generation. However, to navigate this landscape effectively, it is crucial to understand the relationship between the SEPA area and the crypto world, including existing regulatory frameworks, adoption trends and future prospects.

Regulatory framework

As with corporates, the regulation of cryptocurrencies in the SEPA area is still developing. The MiCA Directive has not yet been fully implemented, and only a few countries have started to implement their own regulations. However, MiCA is expected to come into force by mid-2024, providing a harmonised regulatory framework for the region.

Country-by-Country Analysis

While investing in cryptocurrencies is not without risk, understanding each country’s individual situation can help you make informed decisions:

Countries with MiCA in implementation:

Germany, France, Italy and Spain: offer an attractive starting point due to their size, economic stability and existing regulatory frameworks. Investing in these countries can allow for early market entry and simplified regulatory compliance.

Countries with strong interest in Cryptocurrencies:

Cyprus, Greece, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Poland, Portugal, United Kingdom, Czech Republic, Romania, San Marino and Switzerland. All of them show a strong interest in cryptocurrencies and are actively working on regulations or exploring the adoption of MiCA in the future. These countries may present long-term opportunities.

Countries with a negative or uncertain position:

Norway: rejects cryptocurrencies due to environmental concerns.

Iceland: Bans the use of cryptocurrencies if they lead to capital outflows from the country, but allows investment in Bitcoin mining.

Hungary: The Central Bank has urged a ban on cryptocurrencies.

Greece: Investment in cryptocurrencies does not have a positive image due to the financial crisis.

Sweden: Has led the call for a cryptocurrency ban due to energy concerns.

Ireland: Accepts cryptocurrencies, but has not issued regulations or considered them legal tender. A tax on Bitcoin gains is being considered. This case requires further study.

Investment strategies

When investing in cryptocurrencies in the SEPA area, consider the following:

Prioritise countries with implementing MiCA: Look for opportunities in these countries to reduce regulatory risks.
Research country-specific regulations: Understand the rules and restrictions before investing.
Diversify your portfolio: Invest in a variety of cryptocurrencies to reduce risk.
Start small: Invest an amount you can afford to lose.
Store your cryptocurrencies safely: Use secure wallets to protect your assets.
Stay informed: Follow the latest news and developments in the world of cryptocurrencies.

The SEPA area offers an exciting landscape for cryptocurrency investors, with significant growth potential. However, it is crucial to invest responsibly and knowledgeably. By understanding the regulatory frameworks, country-specific trends and effective investment strategies, you can make informed decisions and take advantage of the opportunities this region has to offer. Remember that investing in cryptocurrencies always involves risk, so research and caution are essential.

Cybersecurity at its Best!

By Susana | 20 June, 2024 | Comments 0 Comment

PROTECTING YOUR CRYPTOCURRENCIES IN A THREATENING DIGITAL WORLD

Recent news of cyber-attacks on major companies such as Santander, Movistar and Iberdrola are a stark reminder that cybersecurity is not an issue to be taken lightly.

In the world of cryptocurrencies, where investments and digital assets are in the digital realm, protection against these threats is even more crucial, as they become an attractive target for cybercriminals. This is why both companies dealing with cryptocurrencies and individual users need to take proactive steps to safeguard their assets.

Here are some best practices for protecting your cryptocurrencies:

For businesses

Implement robust security measures – This includes up-to-date firewalls, intrusion detection systems and anti-virus software.
Educate employees about cybersecurity – Make sure your employees understand the risks and know how to identify and avoid scams and cyberattacks.
Use cold storage for cryptocurrencies – Store most of your cryptocurrencies in a hardware wallet or offline cryptocurrency vault.
Make regular backups – Back up your wallets and private keys on a regular basis and store them in a safe place.
Be aware of the latest threats – Stay informed about the latest cyber threats and update your security measures accordingly.

For users

Choose a secure wallet – Research and select a reputable cryptocurrency wallet that offers strong security features, if you prefer this to storing them on an Exchange
Create strong and unique passwords – Use long and complex passwords for your cryptocurrency accounts and avoid reusing passwords.
Enable two-factor authentication (2FA) – Enable 2FA on all your cryptocurrency accounts to add an extra layer of security.
Beware of scams – Be wary of suspicious emails, websites and links that ask for your private keys or personal information.
Stay up to date – Learn about the latest scams and attack methods in the cryptocurrency world.

Cybersecurity is a shared responsibility. By working together, businesses and users can create a safer digital environment for cryptocurrencies.

In addition to the practices mentioned above, it is also important to:

Do your research before investing in any cryptocurrency, making sure you understand the risks and the project behind the coin.
Diversify investments across different cryptocurrencies and do not invest all in one cryptocurrency to reduce risk.
Be patient and do not get carried away by emotions as the cryptocurrency market experiences a lot of fluctuations.

By following these best practices, you can protect your cryptocurrencies and navigate the digital world more safely.

The information provided in this post is for informational purposes only and should not be considered advice. It is always advisable to consult with an industry professional.

Share this post and help raise awareness about the importance of cybersecurity in the world of cryptocurrencies!

EurocoinPay®: The Crypto Butterfly Garden

By Susana | 6 June, 2024 | Comments 0 Comment

At the heart of the vibrant crypto ecosystem, EurocoinPay emerges as an oasis of opportunity, a flowery garden where butterflies, a symbol of transformation and financial freedom, flutter gracefully. But are you, user, still a caterpillar crawling on the ground or have you already spread your wings and risen to the top like a crypto butterfly?

The metamorphosis from caterpillar to butterfly

Just as a caterpillar transforms into a butterfly through a process of change and growth, the journey of a cryptocurrency investor also involves a metamorphosis. We start as beginners, learning the basics and navigating the complex world of cryptocurrencies. Gradually, we gain knowledge and experience, gain confidence and develop our own strategies.

EurocoinPay, the perfect garden

EurocoinPay offers you a secure and reliable ecosystem in which to cultivate your crypto potential. With a wide range of services, from buying and selling assets to trading and investing, it gives you the tools you need to flourish in this digital world.

In this process, EurocoinPay becomes our garden, a safe and fertile space where we can grow and flourish. The company provides us with the tools and support we need to navigate the cryptocurrency market successfully.

Are you a caterpillar or a butterfly?

The question of whether you are a caterpillar or a butterfly is a metaphor for your own level of experience and investment in cryptocurrencies. If you are still in the early stages of your journey, you may feel like a caterpillar, exploring the terrain and learning the basics. However, if you have already made investments and gained experience, then you might consider yourself a butterfly, ready to fly high in the crypto world.

Regardless of your current level, EurocoinPay offers you the opportunity to grow and prosper. The company gives you access to a wide range of services, from buying and selling cryptocurrencies to investing in innovative digital assets. In addition, EurocoinPay has a vibrant and active community of users who are always willing to share knowledge and experiences.

Spread your wings and fly
If you are looking for a place where you can learn, grow and thrive in the world of cryptocurrencies, EurocoinPay is the place for you. Join the butterfly community and discover the unlimited potential this ever-evolving ecosystem has to offer.

Remember:

Metamorphosis is a continuous process. Whether you are a caterpillar or a butterfly, there is always room to grow and reach new levels of success in the world of cryptocurrencies.

EurocoinPay is your garden: Take advantage of the opportunities offered by this platform to cultivate your crypto potential.
Transformation is up to you: Study, analyse and make strategic decisions to achieve your financial goals.
Become a crypto butterfly: Spread your wings and fly high in the crypto ecosystem, reaping the fruits of your effort and knowledge.

EurocoinPay, your crypto metamorphosis starts here!

Join the EurocoinPay community and unfold your journey towards transformation.

Social media vs. business: cold war or false dichotomy?

By Susana | 30 May, 2024 | Comments 0 Comment

In the digital age, social media has become a battleground for companies looking to stand out and reach their target audience. EurocoinPay, an innovator in the payments sector, has embarked on an ambitious strategy that combines artificial intelligence, differentiated avatars and real-time news to manage its social networks. However, despite its efforts, the company faces a common obstacle: the blocking of organic posts by social platforms. This forces them to resort to advertising and SEO to gain visibility, which begs the question: why do social networks penalise companies that innovate and create different, quality content?

EurocoinPay’s strategy

Artificial intelligence:

EurocoinPay uses AI to automate repetitive tasks, such as publishing content and managing interactions with users. This allows them to spend more time creating strategic content and interacting with their audience.

Avatars:

The company has developed unique and memorable avatars that differentiate them from the competition. These avatars are used across all their social networks, creating a strong and consistent brand identity.

Real-time news:

EurocoinPay is committed to providing their followers with the latest news from the financial sector. To this end, they post real-time content on relevant events, market analysis and company updates.

The problem of blocked posts

Despite their efforts to create valuable and engaging content, EurocoinPay faces the problem of post blocking by social networks. Platforms such as Facebook, Instagram, TikTok and Twitter reduce the organic reach of posts, meaning that only a small percentage of followers see them. This forces companies to pay for advertising to reach a wider audience.

Why do social networks block posts?

Social networks argue that blocking organic posts is necessary to prevent spam and ensure a positive user experience. However, many experts believe that this practice is anti-competitive and benefits larger corporations that can pay for massive advertising.

What can be done?

It is important that companies continue to create high-quality content and use innovative strategies to reach their target audience. It is also critical that social networks are more transparent about their post-blocking algorithms and work with businesses to find win-win solutions.

Conclusion:

EurocoinPay’s social media strategy is an example of how businesses can innovate and stand out in an increasingly competitive environment. However, the problem of post blocking remains a major obstacle for companies seeking to reach their audience organically.

There needs to be a dialogue between businesses and social networks to find solutions that benefit all actors involved.

Share this post with your friends and colleagues to generate debate on this important topic.

Analysis of how artificial intelligence acts as an ally in crypto communication

By Susana | 24 May, 2024 | Comments 0 Comment

In the dynamic world of cryptocurrencies, effective communication is critical to success, and Artificial Intelligence (AI) is a powerful tool to enhance communication strategies. By integrating AI into crypto communication, new levels of efficiency, personalisation and engagement can be achieved.

How can AI enhance crypto communication?

Data analysis and audience segmentation:

AI makes it possible to analyse large data sets to better understand users’ needs, interests and behaviours. Based on these insights, more precise audience segments can be created, allowing messages to be personalised and the reach of communication campaigns to be optimised.

Personalised content creation:

AI can generate personalised content, such as articles, reports and social media posts, tailored to each user’s interests and preferences. This increases the relevance of content and improves the user experience.

Automation of repetitive tasks:

AI can automate repetitive tasks such as social media management, comment moderation and answering frequently asked questions. This frees up time for human teams to focus on more strategic and creative tasks.

Chatbots and virtual assistants:

AI-powered chatbots and virtual assistants can provide 24/7 customer service, answering questions, resolving issues and providing technical support, although not all companies use it to provide these services.

Trend detection and sentiment analysis:

AI can analyse large volumes of data on social networks, forums and other online platforms to identify trends, patterns and public opinions. This information can be invaluable for adjusting communication strategies and proactively addressing potential problems.

Responsible integration of AI into crypto communication:

While AI offers great potential to improve crypto communication, it is important to use it responsibly and ethically. It is crucial to consider the following aspects:

Transparency:

It is important to inform users about the use of AI in communication and obtain their consent.

Non-bias:

Measures must be taken to ensure that AI algorithms are not discriminatory or biased.

Privacy:

User data must be handled with care and respect privacy rules.

Human oversight:

AI should be used as a tool to complement human work, not to replace it.

In conclusion, Artificial Intelligence has the potential to revolutionise communication in the crypto world. By using AI responsibly and strategically, people and projects operating in this ecosystem can improve the efficiency, personalisation and engagement of their communications, driving growth, innovation and widespread adoption of blockchain technologies.

YOUR SAFETY IS THE MOST IMPORTANT THING

By Susana | 16 May, 2024 | Comments 0 Comment

Protecting the crypto system: The importance of KYC and AML!

In today’s world, financial transactions are increasingly carried out online, whereas in the crypto world, transactions are only carried out online, making the need to combat fraud and scams more urgent than ever.

Among the tools that ensure our security in these operations are Know Your Customer (KYC) and Prevention of Money Laundering and Terrorist Financing (AML).

What is KYC?

KYC, or “Know Your Customer”, is a process by which crypto companies and financial institutions verify the identity of their customers. This involves obtaining information such as full name, address, contact details and verifying the authenticity of identity documents.

Most of these processes are nowadays carried out online and in many cases by companies approved by entities such as SEPBLAC.

What is AML?

AML, or “Anti Money Laundering”, is a set of measures aimed at preventing money laundering and terrorist financing. These measures include the monitoring of both fiat and crypto transactions, the reporting of suspicious activity and the implementation of controls to prevent persons or entities involved in illicit activities from accessing both the financial system and the crypto system.

Why are KYC and AML important and necessary?

Effective implementation of KYC and AML offers numerous benefits for the financial system, the crypto system and society at large:

Combat fraud and scams:

By verifying the identity of customers, it reduces the likelihood that people intent on committing fraud or scams will open accounts or conduct transactions in both sectors.

Protects the integrity of such systems:

KYC and AML help prevent financial systems (Fiat and Crypto) from being used for illicit activities, such as money laundering, terrorist financing and corruption.

Build trust in the financial system:

When customers know that financial institutions (Fiat and Crypto) are taking measures to prevent fraud and illicit activities, they feel more confident when transacting and depositing their assets.

Promotes transparency:

KYC and AML oblige financial institutions to keep detailed records of their customers’ transactions, making it easier to identify those who engage in illicit activities or attempt to do so.

Protects customers:

By preventing those involved in illicit activities from opening accounts or conducting transactions, KYC and AML help protect legitimate customers from falling victim to fraud or scams.

Ultimately, KYC and AML are essential tools to ensure a safe, transparent and reliable system. Their effective implementation benefits all stakeholders, from financial institutions (Fiat and Crypto) to individual customers, contributing to a more robust and protected economic environment for all.

As a suggestion, although challenging, these KYC and AML processes should be applied to social networks, as it would be a very important step forward in the fight against fraud, scams and illegal content which, unfortunately in recent years, are being carried out by unscrupulous people to defraud the most vulnerable in the most unpunished way.