BitMEX adopts Chainalysis KYT to screen illicit crypto transaction


Source: cryptheory.org cryptheory.org

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BitMEX adopts Chainalysis KYT to screen illicit crypto transaction 2 min read BitMEX has integrated Chainalysis KYT to boost illicit transaction screening. This is meant to raise the exchange’s compliance program. Having been charged by the United States regulators for facilitating money laundering with digital currencies, among others, BitMEX exchange is apparently taking the issue of security more strictly. Following a blog post on Tuesday, the Seychelles-backed crypto exchange is increasing its monitoring tools to ensure no illicit transaction passes through its radar. Such a move can be regarded as a big security walk to make a compliant/regulator-friendly trading platform....