LexisNexis, Elliptic Want to Make Bitcoin Safe for Banks

Bitcoin Watch Shop

Elliptic, a startup that monitors a bitcoin network for questionable patterns, has introduced anti-money-laundering information into a use by a partnership with LexisNexis Risk Solutions.

The total charity is being pitched as a approach for banks to absolutely do business with bitcoin exchanges and other companies that understanding in a digital currency. Such firms have struggled to get or keep bank accounts in new years as financial institutions evade several industries and regions viewed as high risks for income laundering — a worldwide phenomenon famous as de-risking.

The vendors’ partnership was announced Wednesday amid one of a bitcoin ecosystem’s periodic crises — in this case, a theft of some-more than $70 million value of a digital banking from Bitfinex, an sell in Hong Kong.

Elliptic provides information and analytics services to financial institutions and law coercion agencies. It was a leader of a Swift Innotribe Start-up Challenge in 2015. LexisNexis Risk Solutions, a unit


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