LexisNexis and Elliptic Partner to Bring Financial Transparency to a Bitcoin Blockchain

Bitcoin Watch Shop

In a new partnership, LexisNexis Risk Solutions, a tellurian big-data record and analytics firm, has integrated a anti-money laundering data into Elliptic’s Bitcoin transaction monitoring and compliance products. As a result, clients of Elliptic’s blockchain comprehension use can obtain some-more suggestive insights by automatically screening Bitcoin entities for links to sanctions, enforcement, politically unprotected persons, inauspicious media and state-owned companies, as good as “exposing income launderers, tellurian traffickers, terrorists and drug dealers who use Bitcoin to make dim web purchases.”

“The miss of financial clarity on Bitcoin entities continues to stymie a entire adoption of Bitcoin and other practical currencies,” records a joint press release . “That reality, though, is shortly to be short-lived.”

Elliptic, a blockchain confidence and correspondence association determined in London in 2013, strives to be  ” the tellurian customary for blockchain intelligence ” by transferring a severe confidence and correspondence standards of normal financial to a universe of digital currencies. “We brand unlawful activity on a Bitcoin blockchain and yield actionable comprehension to financial institutions and law coercion agencies.” In July, for example, Elliptic and a Internet Watch Foundation announced a partnership to guard and news Bitcoin transactions


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