Decentralized cybersecurity solutions firm Uppsala Security announced on Tuesday that it had signed a cryptocurrency anti-money laundering (AML) solution contract with the South Korean mobile payments solutions platform, Danal FinTech. As per the official tweet, the collaboration makes it the first crypto AML solution to support Hyperledger’s Fabric framework.
In the official Medium post, Uppsala stated that as part of the contract, Danal FinTech would adopt a complete AML product suite developed by Uppsala Security. It further added the product includes not only the existing AML function implemented by financial institutions but also monitors, tracks, and analyses transactions of digital assets in the form of cryptocurrencies suspected anti-social activities like money laundering or terror funding. Patrick Kim, Founder & CEO of Uppsala Security, said,
Danal FinTech CEO, Ted Hwang said that the company intends to consider and apply necessary policies and tools to create a safe and compliant asset settlement network before expanding their business globally.
Hwang added,
The crypto market has been on a roll in 2024, with most coins enjoying a…
Ozone Chain is the world’s first Quantum resistance blockchain. It is credited with integrating Quantum…
Crypto experts have issued bullish outlooks for XRP and DOGE. Based on their predictions, XRP…
The cryptocurrency community has taken notice of a well-known crypto whale who made a stunning…
In the rapidly evolving world of cryptocurrency, new tokens frequently capture the market’s attention, promising…
The trending Ethereum-based project ETFSwap (ETFS) has set the crypto world on fire with its…