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This EIP proposes a service for decentralized compliance checks for regulated tokens.
A regulated token needs to comply with several legal requirements, especially KYC and AML. If the necessary checks have to be made off-chain the token transfer becomes centralized. Further the transfer in this case takes longer to complete as it can not be done in one transaction, but requires a second confirmation step. The goal of this proposal is to make this second step unnecessary by providing a service for compliance checks.
Please see the PR for more details.