Blockchain comprehension firm Elliptic and LexisNexis Risk Solutions have partnered to broach “bank-grade risk government on bitcoin transactions“. The understanding integrates LexisNexis anti-money laundering risk government information into Elliptic’s Bitcoin transaction monitoring and compliance products.
The dual firms have built a proof-of-concept that leverages financial comprehension information from LexisNexis Risk Solutions and presents it alongside Elliptic’s exclusive risk scoring.
While a underlying Bitcoin technology, blockchain, has left mainstream, a financial services attention is still wavering to welcome a full guarantee of Bitcoin and quietly yield banking relations to Bitcoin companies. The miss of financial clarity on Bitcoin entities continues to stymie a entire adoption of bitcoin and other practical currencies.
That reality, though, is shortly to be short-lived. LexisNexis Risk Solutions, a tellurian large data, record and analytics firm, has teamed with Elliptic, a blockchain comprehension company, to mislay that roadblock by exposing income launderers, tellurian traffickers, terrorists, and drug dealers who use bitcoin to make dim web purchases, said