CipherTrace Expands Monitoring Platform to 700 Tokens
Helen Partz's original article for cointelegraph.com reduced by 50%
United States-based blockchain security firm CipherTrace has expanded its crypto intelligence platform to 700 tokens. CipherTrace's increased monitoring support also includes the capability of tracing several hundred ERC-20 tokens, the company added. CipherTrace has not specified to Cointelegraph what cryptocurrencies will not be supported on the platform at publishing time.
The expanded capabilities are included in the latest CipherTrace Cryptocurrency Intelligence platform and are available to end-users immediately via CipherTrace API for automated monitoring. Creating a "Multi-trillion-dollar global crypto economy"CipherTrace CEO Dave Jevans emphasized that the newly expanded product intends to help virtual asset service providers in combating criminals and terrorists to achieve the level of trust required for mass adoption and regulatory acceptance. Shannon Holland, CTO at CipherTrace, emphasized that the new addition has required technological breakthroughs over the last four years as well as close collaboration with regulators and financial investigators.
As reported in March 2019, CipherTrace was appointed by the Malta Financial Services Authority to monitor crypto businesses' activity in Malta to help combat money laundering and financing terrorism risks.
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Summarised crypto news.