Express

CipherTrace Develops New Crypto Tracing Tool For Banks

Roland James

Summary: CipherTrace, the cryptocurrency investigations firm, has developed a tool designed to flag payments sent to high-risk virtual asset service providers (VASPs). According to an announcement on Tuesday, the bank transaction monitoring tool, dubbed CipherTrace Armada, sifts through banking indicators such as routing and account numbers in search of transactions that can potentially present institutional risk ...

CipherTrace, the cryptocurrency investigations firm, has developed a tool designed to flag payments sent to high-risk virtual asset service providers (VASPs).

According to an announcement on Tuesday, the bank transaction monitoring tool, dubbed CipherTrace Armada, sifts through banking indicators such as routing and account numbers in search of transactions that can potentially present institutional risk including payments to crypto ATMs, which have been tied to money laundering.

By Roland James

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 1 day ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago
  • You need to login to comment.