Express

LocalBitcoins Partners With Crypto Tracing Firm To Stop Illicit Funds On The Exchange

Emily Mason

Summary: Peer-to-peer Bitcoin exchange LocalBitcoins has partnered with crypto tracing firm Elliptic to weed out illicit transactions on the exchange, according to a recent announcement. Blockchain analytics firm CipherTrace revealed in a report that at the end of 2019 LocalBitcoins had received the most illicit crypto assets through the year. The report added that 12.1% of ...

Peer-to-peer Bitcoin exchange LocalBitcoins has partnered with crypto tracing firm Elliptic to weed out illicit transactions on the exchange, according to a recent announcement.

Blockchain analytics firm CipherTrace revealed in a report that at the end of 2019 LocalBitcoins had received the most illicit crypto assets through the year. The report added that 12.1% of all cryptocurrencies related to criminal activity moved through LocalBitcoins.

The company appears dedicated to curbing illicit crypto on the exchange despite losing some clients whose priority is privacy and are unhappy with new policies from the company to help stop money laundering.

By Emily Mason

Last Update:

Tags: ,,,
Link: LocalBitcoins Partners With Crypto Tracing Firm To Stop Illicit Funds On The Exchange   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.