>>29896975
"This will allows Dapps (defi apps too) to ensure full compliance with KYC and anti money laundering regulations."
You already have kyc systems on exchanges and banks but they're slow, wasting a lot of time and money. LTO wants to make it a one click on chain solution. It's necessary for businesses so they can adopt blockchain tech, which could be the next internet, without entering into gray zones when it comes to tax.
CEO Rick goes into detail about this in this spotify podcast, if anyone's interested, I recommend it
https://open.spotify.com/episode/58JNBEj9HeMbH4NYUm2eJ4?si=n5vwdBRvRlWE8XEN2e2T4Q&utm_source=native-share-menu