3 hours ago
Former President Donald Trump announced the motorboat of World Liberty Financial’s (WLFI) whitelist process connected Sept. 30 and reiterated his program to “make America large again” by leveraging crypto.
To suffice for WLFI’s aboriginal access, users indispensable acquisition a know-your-customer (KYC) process to get connected the whitelist. The platform’s website states that determination are nary plans to motorboat a autochthonal token, and the whitelist does not mean determination volition beryllium a token connection successful immoderate jurisdiction.
However, it besides clarified that “if and when” a token is launched, it volition beryllium disposable to users who person completed the KYC process.
The whitelisting process is unfastened for accredited US investors and immoderate non-US persons. US-based retail investors volition not beryllium capable to enactment successful the process for present owed to the regulatory scenery successful the country.
The WLFI squad attributed the regulation to “outdated policies and regulations successful the US” and said it is moving connected overturning it.
The KYC process consists of informing a wallet, sending a scan of a government-issued recognition document, and a liveness cheque successful a camera. Additionally, US users are besides required to supply impervious that they are accredited investors.
WLFI did not disclose however agelong it would instrumentality to process the whitelist applications.
According to DEX Screener, 3 fake versions of the WLFI token have been created successful the hours since the whitelist was announced.
Leveraging US-pegged stablecoins
WLFI was created by Donald Trump’s sons Eric Trump and Donald Trump Jr., with the erstwhile US president supporting their task successful DeFi.
In a bid of posts connected Sept. 4, WLFI said it is collaborating with starring wealth marketplace protocol Aave and clarified that its superior extremity is to guarantee the US dollar maintains its dominance successful the planetary fiscal strategy via stablecoins.
Recently, WLFI has been connected a spree of announcements regarding its advisors. The 2 latest additions to the squad are Matthew Morgan, CEO of blockchain gaming level Mixie AI, and Ryan Fang, laminitis of Tomo Wallet and co-founder of blockchain services supplier Ankr.
The station Trump-backed World Liberty Financial launches whitelist process, US retail investors near out appeared archetypal connected CryptoSlate.
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