<p>Panama becomes the first country in Latin America, where the headquarters of the new cryptocurrency AML Bitcoin is located. This form of electronic money was developed by the National Aten Coin Foundation (NAC), which is registered in Las Vegas, Nevada.</p><p><b>Origin of AML Bitcoin</b></p><p>Interest in cryptocurrencies in the world, especially in terms of "value", is constantly growing. Despite the fact that not everyone still uses this type of electronic money, virtual money is becoming more and more popular with businesses and individuals. Bitcoin is one of the electronic products that allows you to use it as a payment tool on the Internet. You can convert it to other types of virtual currencies. At the same time, today there are a number of restrictions and barriers that do not allow Bitcoin to be used freely at the international level for conducting any financial transactions.</p><p>Although bitcoin programming is based on sophisticated blockchain technology, many governments mistakenly consider it as contributing to money laundering. This opinion based on the lack of state control over the conduct of financial transactions and the anonymity of the owners. Nevertheless, the blockchain technology, for example, in Brazil, has been decided to use for registering landowners and registering land plots.</p><p>The NAC Foundation, LLC team, which created AML Bitcoin, in 2015, initially created a digital coin called AtenCoin, after which it decided to refine Bitcoin and adapt it to modern requirements. It is no coincidence that the NAC Foundation is registered in the state of Delaware, which for several years has been promoting the idea of blockchain technology and attracting innovative companies from different countries to develop.</p><p>This form of electronic money is based on patented cryptography methods that ensure transaction security, regulation, and management of virtual currency. That is, on this technological blockchain principle, the Aten coin is based. This is the same technology as in Bitcoin, but including all the requirements of the US regulators - “Know Your Client” and combat “money laundering” and the financing of terrorism.</p><p>After two years of work on eliminating the shortcomings of the system, in terms of security and meeting the requirements of the US financial regulator, the NAC Foundation specialists created a completely new virtual currency, AML Bitcoin, which was a rebranding of the aforementioned virtual coin Aten. As a result, AML Bitcoin represents in its own way the first e-currency that meets not only all the requirements of the US law on money laundering and the fight against the financing of terrorism but also meets international standards of "transparency".</p><p>To monitor transactions for the detection of suspicious transactions, the AML Bitcoin system uses specialized software to monitor and detect suspicious activity. Then, in the automatic mode, the detected information about the conduct of a suspicious transaction is transmitted to the Network for Combating Financial Crimes (FinCEN) at the US Treasury Department, as well as to other similar organizations in different countries of the world.</p><p>At the same time, the creators of AML Bitcoin claim that this currency is completely decentralized, reliably protected from theft of funds, thanks to the NAC Proof-of-Stake v2 encryption method and X11 algorithm, which also checks digital transactions for the identity of e-currency holders. According to the creators of the cryptocurrency AML Bitcoin, information with personal customer data is not stored on external servers but kept on a server with limited access. It uses web servers, on which information is encrypted, as well as the additional Captcha Brute Force security system and two-factor authentication.</p><p>Thus, AML Bitcoin uses a proprietary wallet creation protocol and the principle of strict transaction tracking. In addition, this digital currency is reliably protected, accessible and easy to use. AML Bitcoin is a regulated public chain with private blocks, where users can read a blockchain and participate in transactions. The main difference from the usual Bitcoin is that only authorized system users who have passed the necessary verification procedures can make transactions.</p><p>Of course, a cryptocurrency is also an asset, only in digital form, and due to certain circumstances, a cryptocurrency can carry certain risks for investors. In this article, we certainly do not encourage readers to invest only in Bitcoin; we just want to acquaint you with new trends in the market of electronic currencies.</p><p>NAC Foundation, LLC has registered many different patents for AML Bitcoin with Pillsbury, an international law firm, which is also responsible for monitoring compliance with the patent rights of this type of electronic money.</p><p><b>AML Bitcoin in Panama</b></p><p>According to the official data of the company NAC Foundation, LLC, on October 1, 2017, AML Bitcoin begins its activities in the international financial market. The most important thing is that this currency can be freely distributed to all banking and financial institutions and used as a legal payment instrument.</p><p>In early September, AML Bitcoin chief software developer Marcus Andrade (Marcus Andrade) met in Panama City with representatives of the government, industry and banking sector of the country. According to Marcus Andrade, the decision to establish AML Bitcoin in Panama is associated with the further popularization and spread of this virtual currency throughout Latin America.</p><p><b>Who headed the AML Bitcoin office in Panama?</b></p><p>Carlos De La Guardia, former Deputy Ambassador of Panama to Washington, acted as a representative of the NAC Foundation, LLC in Panama. He will serve as vice president of AML Bitcoin in Latin America. In the words of Marcus Andrade, the identity of this Panamanian representative deserves special attention. His authority in government circles in Panama is quite high, and the circle of contacts and knowledge is very necessary for the company to further implement AML Bitcoin plans in the Latin American region.</p><p>The NAC Foundation's bid for Carlos De La Guardia was made because it has a wealth of managerial experience. Even before his appointment as Deputy Ambassador of Panama to the United States, he held senior positions in large corporations. Carlos De La Guardia worked for Fortune Global 500 companies such as Johnson &amp; Johnson, Bristol-Myers Squibb, and TetraPak. In parallel with this, he also rapidly made a career at the political and diplomatic level.</p><p>In his press release for the media, Carlos De La Guardia stressed that he had long been watching the development of virtual currencies and directly behind the development of Bitcoin. He also noted that many governments in Latin America are concerned about the growing interest of criminals and terrorists in e-currencies, which could harm many government financial systems. Governments of different countries are not ready yet to use new alternative cryptocurrencies due to lack of control and insufficient security.</p><p>De La Guardia focuses on the fact that the emergence of AML Bitcoin solves all security problems, including its operating system, complies with the global requirements of "transparency" of finance. Therefore, he is ready to lead the NAC Foundation in Panama and will promote the spread of AML Bitcoin, not only to the entire American continent but to the whole world.</p><p>He also stated that the AML Bitcoin representative office had already begun to negotiate with the Panama Maritime Authority (Panama Maritime Authority) regarding the introduction of this cryptocurrency into the payment system of all structures included in the maritime department. Given that the maritime flag of Panama is widely used in international trade, the inclusion of AML Bitcoin as a payment tool will simplify and facilitate the process of international financial transactions.</p><p><b>AML Bitcoin will help restore Panama’s international reputation</b></p><p>According to former Panamanian official Kathine Vazquez, who previously served as secretary of economics and finance, and then as financial director of the Panama Canal, the appearance of AML Bitcoin in Panama is quite timely. He noted that this cryptocurrency is capable of changing the concept of electronic money on a global scale, as it is compatible with the international requirements of “transparency”.</p><p>Moreover, the introduction of AML Bitcoin into the financial system of Panama, against the background of potential threats of drug traffickers and the recent scandal of the “Panama Papers”, will help the country more effectively deal with money laundering and counteract the financing of terrorism. As a result, the use of this cryptocurrency in the state will help to restore the country's positive image at the international level.</p><p><b>Embassy Blockchain, Panama City</b></p><p>It was decided to name the representation of AML Bitcoin in Panama the Blockchain Embassy (Blockchain Embassy Panama) and this is not virtual, but a physical office. It is located in the exclusive Balboa Boutiques Strip Mall on Balboa Avenue in Panama City. It is envisaged that the Blockchain Embassy will act as not only an attractive place for tourists, but also for entrepreneurs, enthusiasts, and fans of cryptocurrencies, as well as for the general public.</p><p>For the convenience of visitors to the Blockchain Embassy office in the capital of Panama, visitors are offered payment services: in cash, in Bitcoins and other types of electronic currencies. There is a small cafeteria on site and a number of products with the Bitcoin-themed logo, including T-shirts with cryptographic inscriptions. In the future, it is planned to hold seminars, presentations on cryptocurrency encryption topics and organizing other events that will be of interest to customers.</p><p></p><p></p><p><a href="https://offshorewealth.info">Source</a></p>