RATE Group | Chainalysis to mitigate cryptocurrency risks with launch of Kryptos
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Chainalysis to mitigate cryptocurrency risks with launch of Kryptos

13 Nov Chainalysis to mitigate cryptocurrency risks with launch of Kryptos

Posted at 09:10h in Cryptocurrency News by

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Jonathan Levin, Co-Founder, and CSO, Chainalysis

Blockchain analysis company, Chainalysis has launched a new software Chainalysis Krypto in a bid to assist financial institutions to assess risks with cryptocurrency activity and investments. The software aims to enable financial institutions to understand their current risk exposure to build foundations for expansion into the asset class.

“We’ve heard grassroots excitement for cryptocurrency from financial institutions for years, and now we’re focused on breaking down the barriers to entry,” said Michael Gronager, Co-Founder and CEO, Chainalysis. “Finally, financial institutions can access the transparency they need to fulfill their compliance responsibilities, meet customer demand, and seize the market opportunity they already believe in.”

According to the supplier, Kryptos provides information into Know Your Customers (KYC) practices and blockchain transaction…

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