Binance seeks to improve anti-money laundering measures

An association between the Changpeng Zhao company and Elliptic will improve the mechanisms that seek to avoid illicit activities

The association between the exchange Binance and the English startup of blockchain analysis Elliptic seeks to improve measures in terms of money laundering.

For several months now, the company created by Changpeng Zhao has been committed to complying with this and all financial security regulations.

This partnership will allow the fight against money laundering, in the midst of a growth of jurisdictions around the world, as explained the head of the exchange house Samuel Lim.

The company Elliptic will have its software for this, which is able to identify transactions that are related to illicit activities such as money laundering and terrorist financing.

Elliptic points out on his official website that “our team pushes the limits to dig below the surface, removing the layers to expose the truth. Our goal is to prevent illicit activity with cryptocurrencies from leaving a stain on technology and the future that it represents for all of us”.

K. Tovar

Source: Coincrispy

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