Based in Hong Kong Crypto.com announced on On Friday, Crypto.com Chain, slated to launch on March 25, is now partnering with blockchain analytics firm Chainalysis. According to Crypto.com, the collaboration will leverage the security of the Crypto.org network along with Chainalysis’ compliance and risk management software.
“Chainalysis will support the integration of the CRO token into Crypto.org Chain and provide real-time and on-chain monitoring solutions. In particular, Chainalysis Know Your Transaction (KYT) software combines industry leading blockchain intelligence, an easy-to-use interface, and a real-time API to reduce manual compliance workflows and help cryptocurrency companies comply with both local and global regulations. ”
Crypto.com has revealed that too Chain reactorThe investigative software supports digital forensics, audit practices, and compliance controls across the Crypto.org chain. Antonio Alvarez, Chief Compliance Officer of Crypto.com, spoke about the partnership in the following words:
“The security of user accounts and assets is always a top priority for Crypto.com. We are proud to partner with Chainalysis. Together we will identify high risk points of attack that implement best practices through improvements in innovative technologies. “
Ulisse Dellorto, Managing Director, APAC, at Chainalysis, added:
“Crypto.com is an industry leader in cryptocurrency and we are excited to offer you our compliance and investigative products. With strategic support, we ensure that the company has the tools to grow steadily, safely and in accordance with legal requirements. “