Blog: Blockchain Industry Pioneer Lord McNicol Joins Astra Protocol as Strategic Advisor, Advancing the Platform’s Regulatory Compliance Efforts – Yahoo Finance

ZURICH, SWITZERLAND / ACCESSWIRE / January 24, 2023 / The blockchain and crypto industry has taken a major step forward with the recent addition of Lord Iain McNicol as a strategic advisor to Astra Protocol. As a prominent figure in the field, Lord McNicol brings a wealth of experience and insight to the team, solidifying Astra’s position as a leader in the realm of decentralized compliance for Web3. Along with Lord McNicol, Astra also boasts other high-profile board members such as former EU Commissioner Phil Hogan, Chief of Staff to the White House, Mick Mulvaney, and former head of Homeland Security, Kirstjen Nielsen, who bring a wealth of experience and knowledge to the company.

Astra Protocol is a decentralized compliance platform that aims to bring safety and security to Web3 without sacrificing anonymity or privacy. With Lord McNicol’s guidance, Astra is well-positioned to navigate the complex and ever-evolving blockchain and crypto landscape. This move is a clear indication of Astra’s commitment to building a strong and experienced team and delivering a high-quality product to its users.

Regulation and compliance are vital to the growth and evolution of the crypto industry. They protect customers, businesses, and investors, and Astra is at the forefront of this movement. The platform’s successful launch on major exchanges such as MEXC, KuCoin, and Gate is a testament to its capabilities, and Astra has a roadmap to expand to even more top exchanges in the near future. Astra has also been actively working with major regulators across the globe to help them navigate through the difficult standards in the industry.

Astra’s unique approach to compliance includes a clever utility for its $ASTRA token. To access the platform’s compliance tools, applications must stake the token, which is already being used by major institutions. This not only adds value to the token but also incentivizes projects to comply with regulations, which is essential for the long-term growth and sustainability of the industry.

Co-Founder and Director Jez Noah Ali said, “We are thrilled to have Lord McNicol join our team as a strategic advisor. His wealth of experience in the blockchain and crypto industry will be invaluable as we work to bring added security to Web3 and DeFi. Along with our other high-profile board members, and our partnerships with major regulators across the globe, Astra is well-equipped to lead the industry in regulation and compliance. We look forward to working together to shape the future of the blockchain and crypto industry.”

On joining Astra, Lord McNicol said, ” I’m delighted to join Astra Protocol’s Advisory Board. As someone who has long championed financial regulation, I recognise the value and potential of Astra’s strong commitment to KYC and next generation compliance. I look forward to supporting them as they increase engagement with consumers and leading players across the industry.”

About Astra Protocol:

Astra Protocol is the next generation of compliance, a decentralized KYC Platform for Web3. The platform provides a range of regulatory compliance tools for crypto applications, ensuring that financial compliance standards can be met across the Web3 industry. Astra is the only globally patented decentralized KYC platform with a Decentralized Legal Network backed by major global firms. This innovative technology layer provides faster and more cost-effective KYC than existing services and is specifically designed for a decentralized ecosystem.

Media Contact:
Aaron Ali
Aaron@astraprotocol.com

SOURCE: Astra Protocol

View source version on accesswire.com:
https://www.accesswire.com/736525/Blockchain-Industry-Pioneer-Lord-McNicol-Joins-Astra-Protocol-as-Strategic-Advisor-Advancing-the-Platforms-Regulatory-Compliance-Efforts

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