Chainalysis Blockchain Data Platform to Integrate Lightning Network

Chainalysis clients will be able to allow BTC deposits and withdrawals on the Lightning Network while complying with regulations.

AccessTimeIconDec 10, 2021 at 12:00 p.m. UTC
Updated Dec 12, 2021 at 5:06 p.m. UTC

Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.

Crypto tracking and compliance firm Chainalysis is adding support for Bitcoin’s Lightning Network, according to a press release shared with CoinDesk.

  • Users of Chainalysis’ “Know Your Transaction” platform will be able to prescreen for Lightning withdrawals and behavioral alerts so they can be compliant in allowing BTC deposits and withdrawals from Lightning nodes, the statement said.
  • The Lightning Network is a layer 2 blockchain that enables faster bitcoin transactions so people can use the world’s largest cryptocurrency by market capitalization for small payments like tips and remittances.

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Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.

CoinDesk - Unknown

Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.