09 April, LONDON, UK – The leading RegTech and blockchain analytics provider, Coinfirm, is proud to announce a partnership with Crypto.org Chain (CRO), a public, open-source and permissionless blockchain designed to be a public good that helps drive mass adoption of cryptocurrencies.
The Crypto.org Chain (CRO) ecosystem benefits users for payments, NFTs and DeFi by being a completely decentralized, high-speed and low-fees network. By leveraging Coinfirm’s on-chain AML/CFT infrastructure, the Crypto.org Chain can combat money laundering and the financing of terrorism whilst keeping in full compliance with the guidelines of the Financial Action Task Force (FATF), 5AMLD and other supranational and national regulations.
“At Crypto.com, security and trust are foundational to mainstream crypto adoption and we bake it into all our systems and platforms by default. Leveraging Coinfirm’s leading AML/KYC compliance and analytics brings the absolute best security defense to the recently launched Crypto.org Chain, giving our 10M+ users the trust and peace of mind they deserve and creating a safe blockchain economy.” – Kris Marszalek, CEO and co-founder of Crypto.com
The Crypto.org Chain mainnet was launched in late March after more than two years of research and development. The nature of Chain – a public, open-source and permissionless blockchain – translates to a more transparent financial ecosystem, where millions of individual users can also contribute to network security via the Delegated Proof of Stake model by utilizing the Crypto.com DeFi Wallet.
“Crypto.org Chain’s potential to benefit users is extraordinary but the severe damage that bad actors can do to an ecosystem should not be underestimated. With thorough risk management and RegTech we are proud to safeguard CRO against adverse circumstances.” – Pawel Kuskowski, CEO and co-founder of Coinfirm
Coinfirm automates and streamlines AML and analytics for crypto assets, allowing blockchains such as Crypto.org Chain to not only fulfill their regulatory requirements but do so more effectively and efficiently by minimizing false-positive red flags with 270+ risk checks and compliance touchpoints.
Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest-growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, curated carefully from the worlds of art, design, entertainment, sports.
Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.
Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting crypto.com
Coinfirm is the world leader in blockchain analytics and regulatory technology (‘RegTech’) solutions, creating the foundation for the safe and mass adoption of blockchain and cryptocurrencies. Coinfirm specializes in blockchain AML/KYC (‘Anti-Money laundering’ / ‘Know Your Customer’) services and fraud investigations. It offers the industry’s largest blockchain coverage, supporting over 1,500 cryptocurrencies and protocols including Bitcoin and the ERC-20 standard. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions and governments. In addition to the AML Platform, the company’s services also include Trudatum and Nodes-as-a-Service. Coinfirm is the first firm to offer an AML compliance solution to DeFi in the form of the AML Oracle. For more information visit https://www.coinfirm.com