PARSIQ's Answer to Crypto-Crime and Crypto Exchange Compliance

Written by parsiq | Published 2021/04/15
Tech Story Tags: crypto-exchange | cryptocurrency-compliance | aml | blokchain-trends-2021 | crypto-regulation | cryptocurrency | blockchain | good-company

TLDR PARSIQ's Answer to Crypto-Crime and Crypto Exchange Compliance: Connect blockchain activity to off-chain apps and devices. The software analyzes transactions as they happen, cross-references transactions based on data. It then produces a risk score based on this analysis. The company can then be alerted in real-time of a potential adverse event, but also be able to prevent further potential criminal activity. In October 2020, CoinMetro was alerted to suspicious activities thanks to PARSIq's system. ParSIQ is one of the first crypto-centric solutions out there.via the TL;DR App

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Written by parsiq | Connect blockchain activity to off-chain apps and devices. Monitor and secure DeFi applications.
Published by HackerNoon on 2021/04/15