CipherTrace Releases Its FATF-Friendly AML Tools for Crypto Exchanges
Cryptocurrency firms in Singapore already need to have a Travel Rule solution in place to get a license.
The announcement comes as Binance faces regulatory challenges from financial watchdogs in several countries.
The hedge funder’s latest crypto bet adds fuel to CipherTrace’s growing crypto compliance and investigations business.
That works out to $361 million, 2.7 times more than in 2020, according to new report by CipherTrace.
The move could open the door to more FATF-friendly DeFi in the BSC ecosystem.
The new tool uses an oracle on Chainlink to spot crypto wallet addresses on government watchlists.