Chainalysis has partnered with African blockchain forensics and analysis firm, A&D Forensics, to bring Chainalysis Reactor to Africa.
The Chainalysis Reactor is an investigative instrument built by Chainalysis, one of the most popular blockchain tracking firms. The new partnership with A&D Forensics will bring the software to the African market to aid in better detection of malicious activities on the blockchain.
Then follow us on Google News!
“Chainalysis is dedicated to building trust in blockchains across the world, and Africa, in particular, is an exciting market with growing cryptocurrency adoption ,” said Jason Bonds, Chief Revenue Officer, Chainalysis. “By partnering with A&D Forensics, we’re continuing to expand our reach into new jurisdictions and responding to the increased demand for both cryptocurrency investigation and compliance solutions.”
Further, both firms will work with compliance officers, analysts, and regulators to analyze blockchain transactions on the continent. A&D Forensics is Chainalysis’s first investigative partner based in Africa, providing investigatory services to law enforcement to prevent fraud and other activities from bad actors.
“Both Chainalysis and A&D Forensics are committed to promoting the safe adoption of cryptocurrencies by building trust among financial institutions, governments, and cryptocurrency businesses,” said Adedeji Owonibi, Senior Partner at A&D Forensics. “By partnering with Chainalysis, we’re providing the African cryptocurrency ecosystem with the investigative technology that it needs to fully understand blockchain activity.”
Also, Chainalysis partnered with the largest P2P exchange in Africa, Paxful, to help monitor and detect suspicious transactions on the platform.
Africa’s cryptocurrency continues to grow despite regulation. With partnerships like these, Cryptocurrency projects could effectively work with regulators. Remember to join us on Telegram to get the latest cryptocurrency updates.
The post Chainalysis Collaborates With A&D Forensics As Investigative Partner in Africa appeared first on BlockNewsAfrica.
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!