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The post Dutch Cryptocurrency Platform Finst Passes Proof-of-Reserves Audit! appeared first on Coinpedia Fintech News
The Dutch cryptocurrency platform Finst has introduced an extensive proof-of-reserves system, becoming the first platform in the country to do so. The audit, which will be renewed every six months, confirms that Finst holds its clients’ assets on a full reserve basis and has effectively segregated assets. The company’s move stands to encourage more people in the Netherlands to invest in cryptocurrencies, given their assurance of a secure and reliable platform. It is a significant step towards restoring investor confidence in the cryptocurrency space, which has witnessed several instances of fraud and hacking over the years.
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