CoolBitX and Elliptic Team Up to Offer Crypto Firms Compliance Tools

[Riya143]

Blockchain security firm CoolBitX and on-chain analytics company Elliptic are now pooling their technologies in a bid to help cryptocurrency firms better meet the demands of regulatory hurdles like the Financial Action Task Force’s (FATF) Travel Rule.

Announced Tuesday, the two companies will provide a package of their respective solutions to firms such as exchanges, or virtual asset service providers (VASPs) under FATF parlance.
The tools include CoolBitX's Sygna Bridge product, an API-based messaging service enabling crypto firms to privately share data as required under FATF guidance for the world's regulators, issued last June.
Read More: https://www.coindesk.com/coolbitx-and-elliptic-team-up-to-offer-crypto-firms-compliance-tools