Assure DeFi Verification Update – Country Tier Rating

By Assure DeFi™ | 09/03/2024

Get KYC for Crypto Project

Assure DeFi pioneered and continues to be the market leader for the crypto project verification process (generically called KYC). Founded with a mission to help reduce unneeded crypto market investor risk, Assure DeFi continues to help clients make their projects significantly more attractive to investors by capturing project leadership identities and increasing their accountability. Assure DeFi’s process of verification and data protection is already more broad and robust than the emerging followers, however, as the market leader, we continue to add verification features that we feel will help increase investor confidence.  As part of the V2 rollout, all Assure DeFi verifications will now contain a Country Tier Rating based on the nationality of the verified parties (Tier 1-3).

One of the fundamental value propositions of private project owner identity verification is that it provides a legal basis for criminal prosecution if fraud or other financial crimes occur. The quality of government and crypto regulatory enforcement varies substantially between nations; therefore, so does the litigation opportunities to  prosecute and recover damages from  those suspected of fraud. With that said, Assure Defi believes it is  in the best interest of investors to be informed if those completing our Gold Standard Verification Process are in jurisdictions with sub-standard regulatory compliance & enforcement capabilities.

Assure DeFi Country Tier Rankings will be as follows:

Tier 1: Strong law enforcement with resources and capabilities to effectively legislate & pursue crypto-related cybercrime

Tier 2: Moderately effective law enforcement, lacking some resources & capabilities to effectively pursue crypto-related cybercrime

Tier 3: Law enforcement & legislative resources severely lacking. In most cases would prove ineffective at pursuing crypto-related cybercrime

The following factors were considered when determining the proprietary Country Tier Rating System:

  • Regulatory Enforcement effectiveness
  • Crime Control Effectiveness
  • Criminal Investigation Effectiveness
  • Prevalence of Corruption
  • Criminal Record-Keeping
  • Accessibility of Records Data

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The Tier Rating for each individual completing the verification process can be found on the dedicated project page along with other important information such as role & social media accounts as seen below.

You can view all KYC ASSURED✨✅™️ projects here: https://www.assuredefi.com/project/

Summary

All crypto projects and new business ventures have notable project and execution risk. Assure DeFi remains fully committed to our mission of helping mitigate unnecessary  investor and community risk, through better accountability of project leadership. We feel  strongly that there is great value in providing investors with deeper information regarding project leadership so that they may have additional confidence that all Assure DeFi verified parties are from areas of the world with robust legal/enforcement systems in place.

As we work toward bringing additional information & protections to investors, we will continue to actively enhance our verification process and adapt to market needs.  We continue to strongly believe that investors will favor investing in projects that have elected to be verified by Assure DeFi.  We appreciate the broad support we’ve been given from the community & look forward to a brighter future for all!  Assure Defi - “The Verification Gold Standard”

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