Chainalysis is a US-based start-up that aims to build trust in blockchain by implementing its Blockchain Intelligence Platform software with Financial Institutions, Cryptocurrency Exchanges, and even the Government.
On 24th April 2019, the firm announced the addition of four new cryptocurrencies to its Know Your Transaction (KYT) initiative, the firms anti-money laundering service. Those are Binance (BNB) coin, Gemini Dollar, USD coin, and USD Tether. The cryptocurrencies already supported by the project are Bitcoin [BTC], Bitcoin Cash [BCH], Litecoin [LTC], and True USD and Paxos.
According to their website,
“Evidence from Chainalysis has been used successfully in court cases worldwide.”
Chainalysis has received about $36 million in funding this year from Japanese financial group Mitsubishi UFJ Financial Group Inc and venture capital firm Sozo Ventures and Benchmark Group in February 2019.
Furthremore, Chainalysis aims to serve its clients which includes…
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