The world’s third-top cryptocurrency exchange by adjusted volume, Binance, announced that it has partnered with blockchain analytics company CipherTrace. The partnership was announced in a blog post published on April 11.
Per the announcement, the partnership is meant to strengthen the company’s regulatory compliance by enhancing its Anti-Money Laundering (AML) measures. The post claims that CipherTrace also serves regulators, financial institutions and auditors. Cointelegraph reported in March that the Malta Financial Services Authority has appointedthe company to monitor activity by crypto businesses in Malta.
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