Elliptic’s crypto AML (anti- money laundering) service will reportedly aim to enhance compliance for global crypto exchange, Gate.io.
Gate.io, a virtual currency exchange and Web3 innovator, recently announced it has enlisted Elliptic, the provider of blockchain analytics and investigative solutions, to strengthen its compliance program.
Through this latest collaboration, Gate.io is integrating Elliptic’s comprehensive suite of blockchain monitoring solutions “to fortify its network of compliance providers, demonstrating the exchange’s commitment to its users and adherence to regulatory requirements.”
Dr. Lin Han, Founder and CEO of Gate.io, stated:
“With its extensive history dating back to 2013, Elliptic brings valuable experience and top-of-the-line blockchain analytics and compliance solutions to our trusted network of partners. With their help, we can continue strengthening our regulatory compliance capabilities and reinforcing our users’ peace of mind.”
James Smith, co-founder of Elliptic shared:
“We are thrilled to be working with Gate.io, an exchange that shares our strong commitment to protecting its users and maintaining transparency and compliance. Our suite of tools and services, combined with our team’s dedication and expertise, will help Gate.io in their mission to further enhance their compliance program.”
The Elliptic compliance suite reportedly “includes its crypto wallet screening, transaction monitoring, and investigative solutions that provide real-time, programmatic, cross-chain solutions across 40 distinct blockchains to aid in the detection and investigation of high-risk activity.”
Gate.io has integrated Elliptic in order “to bolster its robust security infrastructure and enhance regulatory adherence.”
This integration strengthens Gate.io’s capacity “to proactively mitigate potential risks, ensuring a secure environment for users.”
As a company that has always been committed to prioritizing compliance and transparency, Gate.io is dedicated to partnering with Elliptic to “further improve these measures for Gate.io users.”
Elliptic and Gate.io’s collaboration represents “a step forward in comprehensive compliance for global cryptocurrency exchanges, reinforcing trust for millions of users worldwide.”
