Malta teams with crypto analytics firm CipherTrace for compliance monitoring

posted 9 days ago
Malta is turning to crypto sleuthing startup CipherTrace for technical help in "addressing the risk of financial crimes in its licensed digital asset industry". The Malta Financial Services Authority will integrate CipherTrace’s Compliance Monitoring product to “provide risk ratings on Malta’s crypto operators to evaluate their trustworthiness and continuously monitor them for compliance.”

Machine learning and analytics are used identify the activity of addresses and wallets. The system also de-anonymizes blockchain addresses, allowing regulators to “evaluate and monitor the trustworthiness of virtual asset businesses.”
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