Astra Protocol raises $9 million for decentralized compliance | DeFI News & Alerts

Astra Protocol raises $9 million for decentralized compliance

Astra's initiative aims to provide DeFi smart contracts with a fully decentralized compliance layer that offers both AML and KYC capabilities. In addition, the compliance layer can help address any real compliance issues with the help of different but well-known law firms.

Astra Protocol co-founder Arthur Ali commented:

"ASTRA is the key to DeFi's future. It will allow us to open the next avenue of growth in the industry, allowing for more interoperable practices in many countries and ensuring the continued participation of large traditional organizations. Our globally patented technology will allow DeFi to continue its growth seamlessly, while increasing regulatory confidence without sacrificing decentralization."