Bitcoin

Binance Teams Up With Elliptic to Bolster AML Compliance

Binance

As part of its efforts to be regulatory compliant, Malta-based crypto exchange Binance has partnered with Blockchain startup Elliptic. According to a Coindesk report, the partnership will help Binance mitigate anti-money laundering (AML) concerns as it expands into new regions.

Binance announced a similar partnership with cyber security firm CipherTrace on April 11, describing it as a step towards achieving proper AML compliance.

In the company’s announcement, its Chief Compliance Officer Samuel Lim said, “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.”

The exchange has also partnered with risk management firm IdentityMind to the same end.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Bitcoin Videos

    #TradeTalks: The micro #bitcoin futures launch

    CME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt joins Jill Malandrino on Nasdaq #TradeTalks​ to discuss the micro #bitcoin​ futures launch.

    3 days ago

    Bitcoin Magazine

    Bitcoin Magazine is the world’s first and foundational digital currency publication, covering the innovative ideas, breaking news and global impact at the cutting-edge intersection of finance, technology and Bitcoin. Published by BTC Media, the online publication serves a daily international readership from its headquarters in Nashville, Tennessee. For more information and all the breaking news and in-depth reports on Bitcoin and blockchain technology, visit BitcoinMagazine.com.

    Learn More