RATE Group | Coinfield and Chainalysis for crypto monitoring
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Coinfield and Chainalysis for crypto monitoring

22 Feb Coinfield and Chainalysis for crypto monitoring

Posted at 04:36h in Cryptocurrency News by

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Crypto exchange CoinField joined forces with Chainalysis on 20th February 2020 in order to tackle money laundering through its crypto monitoring anti-money laundering compliance solutions.

This partnership will allow for the amalgamation of blockchain analyzer’s know your transaction (KYT) solution to prevent illegal activities like money laundering and others to the effect through constant crypto monitoring, media reported.

Talking about this new partnership, the chief revenue officer at Chainalysis stated that CoinField’s goal of making cryptocurrency more globally available helps Chainalysis in building credibility for Blockchain.

The know-your-transaction solution will allow for the better observance of volumes and high risk; it will also help in tracking transactions on multiple blockchains and will provide a graphical representation of the transactional flow.

Increasing demand for crypto monitoring

The growing need to comply with rules and regulations has…

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