DeFiFeaturedPlatform newsPolicies & Regulations

Crystal Blockchain adds BitcoinSV and Ethereum Classic to analytics risk identification

Regulations from the Financial Action Task Force (FATF) and the 6th Anti-Money Laundering Directive (6AMLD), mean that cryptocurrency services, and businesses exposed indirectly to cryptocurrencies, need to get compliant.
Crystal Blockchain is using its  Crystal analytics alongside existing AML/CFT procedures businesses to help businesses manage crypto risk and comply with new legislation. Crystal Blockchain tool’s allow companies to review risk identification for known blockchain entities, transaction monitoring for entities and addresses, entity connections and geographical tracing, understanding interactions to mitigate risk, sender, recipient and fund source assessments, crime control for businesses exposed to crypto and increased Blockchain Analytics Coverage
Crystal has recently added Bitcoin SV (BSV) and Ethereum Classic (ETC) to their list of supported cryptocurrencies on the platform. BSV and ETC are two important additions for crypto analytics, as the coins rank in the top 25 and 75 cryptos per market cap, as of March 2021. Crystal now provides analytics for seven of the most important digital assets. Crystal has also increased its monitoring support for ERC20 tokens to 1500+ and DeFi protocols to 80+.
Crystal continues to expand its offchain coverage for all platform currencies, adding coverage of 1,187 new entities and 4.9 million new wallets on the analytics platform as of March 2021.

News Desk

Unlock News Desk, is a group of Blockchain and Crypto enthusiastic young people, working to keep Unlock readers up to date with the industry news. Connect with the team via email: info(@)

Related Articles

Back to top button