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Stellar Partners with Blockchain Forensics Firm to Launch a Transaction Monitoring System for Safety
Summary: Stellar Development Foundation announces today that it is collaborating with Elliptic to launch a Stellar transaction monitoring system to satisfy compliance needs and prevent illicit activities like money laundering and terrorist financing.
Stellar Development Foundation announces today that it is collaborating with Elliptic to launch a Stellar transaction monitoring system to satisfy compliance needs and prevent illicit activities like money laundering and terrorist financing.
It is unclear how the monitoring system will compromise the privacy of developers and companies building on Stellar, as the firm did not respond to the question if using the system was optional, reported Decrypt.
Elliptic is a forensics firm that provides crypto-asset risk management solutions. According to Decrypt, Elliptic obtained an investment of $5 million from Wells Fargo last month.
By Yiran Dai
Tags: Elliptic,Stellar
Link: Stellar Partners with Blockchain Forensics Firm to Launch a Transaction Monitoring System for Safety [Copy]
