@frostwarden007
A Legal Entity Identifier (LEI) is a global standard for identifying organizations, but a decentralized LEI (dLEI) uses blockchain to enhance security and interoperability. dLEIs are self-sovereign, allowing organizations to control their data via DIDs while complying with regulations like MiCA. They enable secure, verifiable cross-border transactions by linking legal entity data to immutable records, reducing fraud and simplifying KYC for financial institutions, suppliers, and regulators.
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