We talk a lot about DeFi and how it’s going to change the world by making cryptocurrency as easy and safe as online banking. But there are dangers in this field as well – and specialists are required to combat them. That’s why Kirobo is happy to have begun a partnership with PureFi – a company designing decentralized compliance tools that do not compromise the anonymity of its users. Thanks to this deal, Kirobo users can use the protocol to investigate the source of crypto assets, while PureFi users will benefit from Kirobo’s range of DeFi tools. It also opens a door to future extensions of the collaboration, including yield farming opportunities and an integration between Kirobo and AML Safe, a PureFi sister project. One of the dangers of cryptocurrency is that it is difficult to know where money has come from. Has it been involved in illegal activity? Of course, in this sense it’s no different to cash. But cash isn’t striving for mass adoption – it’s already everywhere. Crypto is in need of protocols that can reassure the traditional world that it is a legitimate means of exchange and remove the stigma of illegality that persists in the minds of some. In order to achieve this, the DeFi industry requires tools can combat money-laundering and terrorism financing. And besides that, crypto users have long been in need of a way to check if a project is a safe investment.
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