In the Plasma blockchain ecosystem, following regulatory standards and compliance is very important. "Another identifier required pursuant to applicable regulations" means that the platform or user must provide an additional unique identifier for identity verification in order to meet the relevant legal and regulatory requirements.
The Plasma network ensures high security and transparency for its users and validators. This identifier is mainly used for identity verification, KYC compliance, and secure access control. It helps build trust within the network and reduces the risk of fraud and malicious activities.
This measure reinforces financial and operational security in the Plasma ecosystem, allowing users to benefit from fast and reliable transactions. Implementing compliance and identity verification steps is also essential for the network’s long-term sustainability and regulator-friendly operations.
For Plasma, using additional identifiers is a proactive step that enhances both blockchain adoption and user confidence.
