Brand New Crypto Entrant, Mandala, Partners with Coinfirm for AML Compliance

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LONDON, 23.12  – The hottest new entrant to the blockchain scene, the Mandala exchange, has announced a partnership with leading RegTech and blockchain analytics provider Coinfirm to enhance the security of the crypto and blockchain economy.

By deploying advanced AML/CFT analytics to combat money laundering and the financing of terrorism, this partnership will ensure that Mandala is able to be in full compliance with the FATF’s (Financial Action Task Force) guidelines, 6AMLD and other supernational and national regulations.

“Since the inception of Mandala Exchange our primary focus has been on compliance and security. Coinfirm allows us to deploy our vision, while making the exchange safe and secure. The Mandala Exchange is the first privately held exchange powered by Binance Cloud.  Whether you are new to cryptocurrency, or a seasoned trader Mandala exchange has something for you. Trade on the liquidity of Binance, while being able to get fee rebates and referrals from your friends. Check out the Mandala Exchange integrated with the token MDX” – David, Director of Marketing of Mandala

The Mandala exchange, launched in December 2020, will offer a range of exciting cryptocurrency trading products and with MDX – the native token – will give users access to exotic order types, trading competitions, futures/margin fee rebates, social trading, bots and fiat on-ramps. Mandala’s strong focus on compliance, security and liquidity will give users a world class experience by combating fraud, securing customer data and regular infrastructure testing.

“We are proud to partner with Mandala in the effort to create a safer blockchain economy with the inception of new agile market entrants. Coinfirm is able to work with our partners to not just enable them to meet the stipulated regulatory requirements but to also actively contribute to fighting back against criminals and those who would look to corrupt the fintech system.” – Pawel Kuskowski, CEO and co-founder of Coinfirm

Founded in 2016, Coinfirm provides a full suite of solutions for exchanges that automate and streamline AML and analytics for cryptocurrencies, allowing entities such as Mandala to not only fulfil their requirements but do so more effectively and efficiently than ever before. The AML Platform deploys 270+ risk checks and data points ranging from financial crime to counterparty identity, real-time cryptocurrency monitoring, tracking and investigation of funds and customization of risk and analytics data.

Mandala is powered by Binance Cloud, Binance’s infrastructure solution for customers and partners to launch digital asset exchanges leveraging Binance’s industry-leading technology, security and liquidity.

About Mandala

Founded in 2020 by a team with industry experience dating back to the early days of the cryptocurrency and blockchain space, Mandala is a leading digital asset trading platform with the largest liquidity pool in the world. Mandala makes it easy for everyone to trade cryptocurrency in a secure compliant manner. For more information please visit: https://www.mandala.exchange/

About Binance Cloud:

Binance Cloud is an all-in-one solution for partners to launch digital asset exchanges quickly. Leveraging Binance’s technology, security and liquidity, Binance Cloud provides the exchange infrastructure, while enabling partners to focus on business development and operations. Learn more about Binance Cloud at https://cloud.binance.com

About Coinfirm

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. Coinfirm is the first firm to offer an AML solution to DeFi in the form of the AMLT Oracle. The company’s services also include Trudatum, a standalone RegTech platform that allows any file to be registered, signed, and verified with 100% accuracy. For more information please visit: https://www.coinfirm.com/

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