Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm
Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules.
Blockchain analytics company Coinfirm said authorities are "ignoring" criminals' stockpiles of cryptocurrencies that forked from bitcoin.
Miller Thomson, the law firm representing QuadrigaCX's former users, has hired Kroll and Coinfirm to conduct blockchain sleuthing services.
Blockchain analytics company Coinfirm noted that scams and fraud account for two thirds of the funds misappropriated.
The fintech showcase has three $50,000 cash prizes for three regtech focus areas.
The integrations would allow the two blockchain projects to track transactions and identify senders, in line with the FATF's "Travel Rule."