Dash, the top digital currency for payments and e-commerce, today announced it has partnered with BlockchainIntel to provide exchanges with new compliance reporting that addresses increasing regulatory requirements. In recent months, regulators around the world have called for increased reporting of digital currencies. By leveraging BlockchainIntel, Dash is able to address these emerging requirements and continue to build trust between Dash users and the services and exchanges they engage.

“We are committed to supporting exchange access for our users,” said Ryan Taylor, CEO of Dash Core Group. “We are happy that our partner BlockchainIntel can address new exchange reporting requirements aimed at preventing money laundering and fraud. Companies such as eToroX are able to list Dash because they can provide the information regulators need using BlockchainIntel.”

BlockchainIntel, a leading provider of intelligent transaction monitoring solutions, helps exchanges increase trust among community members and ensure compliance of the exchange in the face of new regulations. Many risk factors need to be taken into account before establishing trust, a process that can be lengthy and incomplete without expertise and automation.

Based on experience with law enforcement, regulators and financial institutions, BlockchainIntel provides an automated way of identifying risk and providing the evidence needed to establish trust. BlockchainIntel also partners with law enforcement agencies around the world, including the U.S. Federal Bureau of Investigation, to help identify criminal activity and bad actors.

“We are excited to work with Dash, exchanges and companies that trade or process payments in digital currencies to help safeguard interactions in their networks,” said Karen Hsu, CEO of BlockchainIntel. “Our goal is to provide people, companies and regulators a way to identify higher risk transactions that leads to increased trust in and continued adoption of digital currencies.”

About Dash:

Dash is digital cash, allowing millions of individuals, as well as thousands of merchants and businesses across the globe to carry out instantly re-spendable and secure transactions for less than a cent. A top-ranked cryptocurrency and rising alternative to Bitcoin, Dash is accepted at over 4,900 merchants globally, accessible via 700+ ATMs and 90+ exchanges worldwide, making it a safe, decentralized solution with real-world applications. The Dash Network is governed by Dash Core Group, Inc. (DCG), which supports and nurtures the continued worldwide development and integration of Dash. Its protection mechanism called ChainLocks protects Dash against 51% mining attacks, making it one of the most secure blockchains on the market. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.

About BlockchainIntel

BlockchainIntel provides a risk score with corresponding risk indicators for each blockchain address through a web service (API). The score is based on data tied to the address, including OFAC lists and blockchain activity such as geographic location, links to fraud, ransomware, gambling, stolen tokens, exchanges and known corporate entities. Using this API, companies can monitor large volumes of transactions and identify high risk transactions in real-time and on a regular basis. BlockchainIntel also provides reports for KYC compliance, customer due diligence or other blockchain reporting purposes.

Companies use BlockchainIntel to implement transaction monitoring and establish an automated record keeping system for suspicious activity activity reporting, customer due diligence, and currency transaction reporting. Through BlockchainIntel’s holistic, risk based approach, companies implement policies specific to their firm’s needs. BlockchainIntel’s clients and partners include blockchain companies, financial institutions, exchanges such as eToroX, and law enforcement such as the FBI.

For more information, visit: www.blockchainintel.com and follow them on Twitter and LinkedIn.