France and Austria partners to fight crypto crime

Crypto-based money laundering has become an important issue among financial regulators, as many countries are now setting up rules to crack down on activities of crypto-based fraudsters. Now, France and Australia are collaborating to tackle crypto-based money-laundering issues.

The Australian Institute of Technology (AIT) and the French blockchain security firm NIGMA Conseil, has agreed to set up a technology that would fight against crime perpetrated using cryptocurrencies and blockchain technology. The two partners are using the AIT Graph sense technology and working in the e-NIGMA platform.

The two organizations plan to cover different startup niches
such as CipherTrace, which already offers multiple exchange services to
exchangers.

According to the chief executive of
NIGMA Conseil, Fabien Tabarly, the possibility of blockchain transactions and
connections are part of the stricter rules of YC, which also point out the
tracking of coin origins. He said the platform will be…