Crypto surveillance company Chainalysis released a special version of the lama Know Your Process (KYT) (, a real-time anti-money laundering (AML) compatibility solution for stablecoins.
In 2014, Michael Gronager (current Assistant General Manager), Jan Moller (current Chief Technology Officer), Chainalysis, founded by Jonathan Levin (current Chief Operating Director), is a company with two main products - (Chainalysis Reactor Michael and aki Chainalysis KYT Gr - It is used by corporate clients such as banks and crypto exchanges and by government agencies around the world for investigation and compliance purposes. bank
Chainalysis Plans Innovations for Stablecoins
On Thursday, January 24, Chainalysis Press briefing "Chainalysis announced the launch of KYT. The company said that the stablecoin version of Chainalysis KTT l is the first kind of solution applied to fixed currencies, encrypted currencies designed to minimize price fluctuations by fixing or supporting their values to other assets ”and believes that it shows in the launch. ”Stabilcoins are growing rapidly, so it's hard to compile a comprehensive crypto-money and technology at a convenient moment, büyü he said.
Chainalysis Launches New AML Solution for Stablecoins
Chainalysis KYT KY applies general AML standards to each process for all users of an organization's user base.
Chainalysis COO's Jonathan Levin said:
Ilar Between institutions and users cryptocurrency In order to build confidence in units, chainalysis continues to exist. Repeated criticisms of the crypto currency are temporary and the confidence in the market can lead to increased commercial use. Chainalysis KYT provides teams with the technology they need to meet AML requirements. Al
The current version of KYT supports selected ERC-20 stablecoins and the company plans to add support. On October 17, 2018, Chinalysis also announced that Binance will use a compatible software package to assist with the Crypto change to ensure that it complies with worldwide money laundering prevention (AML) regulations.
Source: Cryptoglob to