AMSTERDAM, April 7, 2021 /PRNewswire/ — Laws from the Monetary Motion Process Drive (FATF) and the sixth Anti-Cash Laundering Directive (6AMLD), imply that cryptocurrency providers, and companies uncovered not directly to cryptocurrencies, must get compliant. By integrating Crystal analytics alongside current AML/CFT procedures companies can handle crypto danger and adjust to new laws.
Here is how Crystal Blockchain’s instruments assist corporations adhere to necessities:
- Threat identification for identified blockchain entities.
- Transaction monitoring for entities and addresses.
- Entity connections and geographical tracing.
- Understanding interactions to mitigate danger.
- Sender, recipient and fund supply assessments.
- Crime management for companies uncovered to crypto.
Elevated Blockchain Analytics Protection
Crystal is delighted so as to add Bitcoin SV (BSV) and Ethereum Basic (ETC) to our record of supported cryptocurrencies on the platform. BSV and ETC are two vital additions for crypto analytics, because the cash rank within the top 25 and 75 cryptos per market cap, as of March 2021. Crystal now gives analytics for seven of crucial digital property. Crystal has additionally elevated its monitoring assist for ERC20 tokens to 1500+ and DeFi protocols to 80+.
Improved AML/ CFT Compliance Instruments
Crystal is the one all-in-one blockchain analytics answer in the marketplace. World leaders in crypto analytics, the Crystal Blockchain crew gives 150+ organizations throughout the globe with options to streamline their Know Your Transaction (KYT) cryptocurrency compliance and due diligence procedures for assembly worldwide FATF and 6AMLD requirements. Crystal powers blockchain analytics for the digital asset business and for the banking and FI sectors.
Crystal continues to broaden its offchain protection for all platform currencies, including protection of 1,187 new entities and 4.9 million new wallets on the analytics platform as of March 2021.
Newest Crypto Investigations & Studies
Crystal has numerous real-time blockchain knowledge with which we formulate insights and predictions on business traits. Learn our Stolen crypto withdrawal & transfer patterns report.
Go to the Crystal web site to see our product updates, together with all different information on our blog.
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About Crystal Blockchain:
Crystal is the all-in-one blockchain analytics device for crypto AML compliance. Out there as a free demo model, SaaS, API, and for on-premise set up. Engineered by the Bitfury Group.
SOURCE Crystal Blockchain