has partnered with monitoring solutions provider Elliptic to boost its regulatory compliance as part of its international expansion, industry outlet reported May 2.
As part of plans to ensure smooth operations in new countries with varying regulations on , will use Elliptic to ensure it can comply with various demands from authorities.
Specifically, CoinDesk references ’s chief compliance officer Samuel Lim as saying that the latest deal will focus on Anti-Money Laundering ().
Last month, the exchange also with analytics firm CipherTrace, also centering on AML, after regulators from ’s home jurisdiction of approved its activities.
“The selection of CipherTrace as our on-chain security solution will augment our expansion drive and build greater trust among our users, regulators and financial institutions,” Lim said at the time. He continued:
“This partnership will bolster our existing world-class AML compliance program and help us expand into new markets in the most compliant fashion.”
The deal followed yet another compliance-based move from in March, which risk management startup IdentityMind.
As Cointelegraph , is seeking to debut its ecosystem, dubbed DEX, in full in the coming months.
Published at Thu, 02 May 2019 14:45:17 +0000
