CoinField cryptocurrency exchange plans to use Chainalysis technology to compete on its platform money laundering. The cryptocurrency exchange particularly intends to investigate transactions using the Know-Your-Transaction tool. With the tool you can analyze transfers from bitcoins, Litecoin, Ethereum and many other leading cryptocurrencies.
“We all believe that compliance with laws is crucial for mass acceptance of cryptocurrencies, and we look forward to working with CoinField to promote the safe use of cryptocurrencies on a global scale,” Chainalysis Revenue Director Jason Bonds says.
In addition to using the tracking tool, CoinField also plans to work closely with the analytics department of Chainalysis Reactor to better investigate suspicious transactions.