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DMG Blockchain Solutions Secures New Patent To Further Strengthen its Intellectual Property for Regulatory Compliance

Dec 24, 2024 - financialpost.com
DMG Blockchain Solutions Inc. has secured a new U.S. patent for Cryptographic Taint Tracking, enhancing its intellectual property for regulatory compliance. This patent builds on previous technology to detect and track tainted cryptographic wallets, aiding in the fight against money laundering and fraud. The patented methods allow for real-time identification and monitoring of wallets linked to illicit activities, supporting compliance and law enforcement efforts. Key features include tainted wallet detection, enhanced compliance, real-time risk flagging, and wallet quarantine.

Additionally, DMG has granted stock options and restricted stock units to its employees and directors, aligning long-term performance with company growth. DMG's CEO, Sheldon Bennett, emphasized the importance of this technology in ensuring trust and safety within the blockchain ecosystem. The company is also advancing its carbon-neutral Bitcoin mining initiatives through Terra Pool and its subsidiary, Systemic Trust, which aims to offer digital asset custody services.

Key takeaways:

Here are four key takeaways from the article:```html
  • DMG Blockchain Solutions has secured a new patent for Cryptographic Taint Tracking, enhancing its intellectual property for regulatory compliance.
  • The patented technology enables real-time identification and monitoring of wallets linked to suspicious activities, supporting efforts to combat money laundering and fraud.
  • DMG has granted stock options and restricted stock units to employees and directors to align long-term performance with the company's growth.
  • Systemic Trust Company and Terra Pool are key components of DMG's strategy to ensure a carbon-neutral and regulatory-compliant Bitcoin ecosystem.
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