CipherTrace will start tracking transactions on the Binance Smart Chain blockchain – Bits Media

Analyst firm CipherTrace adds support for the Binance Smart Chain blockchain. The company's tools will allow you to track suspicious activity on this network.

CipherTrace CEO Dave Jevans (Dave Jevans) stated, what is one of the advantages of the CipherTrace tools is that, that they allow you to analyze transactions not only in a specific blockchain, but also interact with all applications, created on its basis.

Cryptocurrency exchanges, banks, over-the-counter trading platforms (OTC), разработчики кастодиальных кошельков и различные финансовые учреждения смогут отмечать подозрительные операции в блокчейне Binance Smart Chain. Thus, they will help in the fight against illegal activities., the scale of which grows with the development of the cryptocurrency industry. Директор отдела по соблюдению нормативных требований Binance Сэмюэл Лим (Samuel Lim) totally agree with this.

“Compliance with international anti-money laundering regulations is paramount, а интеграция с CipherTrace повысит доверие к Binance Smart Chain», – said Lim.

Meanwhile, деятельностью криптовалютной биржи Binance заинтересовались Министерство юстиции и Налоговая служба США (IRS). Law enforcement agencies intend to find out, whether employees and clients of the exchange are involved in money laundering, and are they trying to evade taxes. She added, что Binance усиленно работает над соблюдением нормативных требований. We are talking about the use of special tools for detecting illegal transactions and combating money laundering.. Therefore, collaboration with CipherTrace is part of this initiative..

Recall, that CipherTrace filed patent applications for XMR tracking tools in November, obtained illegally. These solutions are aimed at quickly finding intruders and increasing the security of confidential cryptocurrencies..