Regulation and Compliance in Blockchain Ecosystems: Studying regulatory frameworks and compliance requirements for blockchain ecosystems, including AML/KYC regulations and data privacy laws

Authors

  • Dr. Ifeoma Okoye Associate Professor of Artificial Intelligence, University of Ibadan, Nigeria Author

Keywords:

Blockchain, Decentralization

Abstract

Blockchain technology has revolutionized various industries by providing a decentralized and secure platform for transactions and data management. However, the regulatory landscape surrounding blockchain ecosystems is complex and constantly evolving. This paper provides a comprehensive analysis of the regulatory frameworks and compliance requirements for blockchain ecosystems, focusing on anti-money laundering (AML) and know your customer (KYC) regulations, as well as data privacy laws. The paper also discusses the challenges faced by blockchain developers and users in complying with these regulations and proposes strategies to enhance regulatory compliance in blockchain ecosystems.

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References

Tatineni, Sumanth. "Customer Authentication in Mobile Banking-MLOps Practices and AI-Driven Biometric Authentication Systems." Journal of Economics & Management Research. SRC/JESMR-266. DOI: doi. org/10.47363/JESMR/2022 (3) 201 (2022): 2-5.

Shaik, Mahammad, and Ashok Kumar Reddy Sadhu. "Unveiling the Synergistic Potential: Integrating Biometric Authentication with Blockchain Technology for Secure Identity and Access Management Systems." Journal of Artificial Intelligence Research and Applications 2.1 (2022): 11-34.

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Published

2023-06-30

How to Cite

[1]
Dr. Ifeoma Okoye, “Regulation and Compliance in Blockchain Ecosystems: Studying regulatory frameworks and compliance requirements for blockchain ecosystems, including AML/KYC regulations and data privacy laws”, J. of Artificial Int. Research and App., vol. 3, no. 1, pp. 1–10, Jun. 2023, Accessed: Jul. 01, 2024. [Online]. Available: https://aimlstudies.co.uk/index.php/jaira/article/view/79

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