Tezos and XTZ now have AML compliance solution through Coinfirm

Leading blockchain analytics and Anti-Money Laundering (AML) company, Coinfirm, today announced the launch of blockchain AML & transaction monitoring solutions for the Tezos protocol and its native cryptocurrency, XTZ.

One of the largest roadblocks for the growth of blockchain protocols and cryptocurrencies in the global regulated market has been focused on AML compliance regulations. AML has become a required feature for protocols and related assets who want a leadership position in the market and the capability to operate in regulated markets globally. AML compliance solutions ensure that governments, financial institutions, and consumers can rest assured their transactions are not exposed in any way to illicit or illegal behavior.

Coinfirm has built its reputation as a leading AML, analytics and RegTech solutions provider for blockchain and cryptocurrencies. As of today, Coinfirm has integrated Tezos into the Coinfirm AML Platform and will be applying its 200+ proprietary algorithms and 300 risk scenarios to analyze risk on the protocol. Now, any entity from cryptocurrency exchanges or financial institutions that interact with Tezos can fulfill AML guidelines. They will also have access to a full suite of AML compliance solutions with real time transaction monitoring, AML risk reports, investigatory tools, case management and more.

“Coinfirm’s industry-leading AML compliance product provides a must-have tool for banks and other regulated financial players that store or issue value on the Tezos blockchain.”