Nets partners with blockchain analysis firm to fight dirty bitcoins
http://timesofindia.indiatimes.com/business/international-business/nets-partners-with-blockchain-analysis-firm-to-fight-dirty-bitcoins/articleshow/57810434.cms
Danish electronic payments provider Nets will cooperate with anti-money laundering software developer Chainalysis to help banks validate bitcoin transactions and comply with regulations, Nets said on Friday.
The digital currency relies on computer algorithms to move money without a central processing authority, but also risks attracting illicit activities such as drug trafficking or money laundering, according to EU law enforcement agency Europol.
"An increasing number of our customers among the Nordic banks have asked for an effective tool to help them comply with legislation," Kati Rintala, head of Nets' fraud division, said in a statement.
Chainalysis, which also collaborates with Europol, can help banks and law enforcement detect suspicious activity and link digital identities to digital currency, it said.
Topic: [2017-03-24] ToI: Nets partners with blockchain analysis firm to fight dirty BTC (Read 537 times)
March 24, 2017, 07:17:48 PM
Jump to: