CipherTrace, a cryptocurrency and blockchain security company, has added support for the open blockchain Binance Chain and its own coin Binance (BNB) to its platform.
The company’s customers will be able to track transactions with BNB cryptocurrency in the Binance Chain blockchain and identify cases of money laundering. According to CipherTrace experts, this will help Binance improve anti-money laundering procedures, which will attract more developers to create decentralized applications on the Binance Chain blockchain.
“The partnership with CipherTrace will foster greater participation by the community, developers and the public in the Binance Chain and pave the way for a broader distribution of the blockchain,” said Samuel Lim, Director of Compliance at Binance.
Recall that in April Binance and CipherTrace concluded an agreement on the implementation of a decision by an analytical company to comply with anti-money laundering standards. The integration of BNB and Binance Chain on the CipherTrace platform was a logical continuation of the collaboration.
In addition, CipherTrace recently added support for more than 700 crypto assets to its platform, including USDT, LTC and ETH, as well as many tokens of the ERC-20 standard.
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