06/11/19 09:40 UTC-5

CipherTrace helps Binance Chain combat money laundering

ExchangesBinance Schain will fight money laundering with CipherTrace
Binance Schain will fight money laundering with CipherTrace

Cybersecurity Organization CipherTrace becomes a Binance Partner CipherTrace guarantees the platform tools to comply with AML rules, as reported on the exchange blog.


Binance Exchange protects the interests of investors

CipherTrace guarantees the provision of official instruments to ensure that the exchange complies with AML rules. CipherTrace optimizes AML controls in the Binance Chain and helps the platform attract developers who want to create secure applications, according to the latest cryptocurrency news.  

CipherTrace, a leading global provider of cryptocurrency analysis and blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
security, today announced support for Binance Chain, a publicly accessible blockchain developed by Binance.

Developers, investors and regulators will be able to identify addresses that are highly risky. Organizations will establish factors to protect decentralized applications. Binance Compliance Officer noted that the exchange's audience will receive broad support for digital tokens.

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See also: "Hong Kong SFC has issued cryptocurrency exchange licensing rules"

#exchanges #BinanceChain #CipherTrace #AML #moneylaundering

Editor: Daria Mukhina