The leader of the CoinMarketCap’s ranking in terms of trading volume, the crypto exchange Binance took up the new goal: detecting and getting rid of money laundering and any other type of illicit financial activity behind their backs.

To make it happen, the exchange is partnering up with Chainalysis, a well-known company specializing in assessing blockchain-based transactions and operations with assets on the issue of fraud or money laundering.

Binance’s CEO

commented

on the collaboration by saying:

“ By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth .”

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