Rakuten Wallet Partners With CipherTrace to Assure Safety of Its Upcoming Crypto

[Vladdirescu87]

A subsidiary of Japanese e-commerce giant Rakuten, Rakuten Wallet, has partnered with blockchain security firm CipherTrace to assure Anti-Money Laundering (AML) compliance for the company’s upcoming crypto exchange. The development was announced in a press release shared with Cointelegraph on May 29.

CipherTrace — which develops cryptocurrency AML, forensics and regulatory monitoring solutions — will work on improving the safety of Rakuten Wallet’s investors as well as the protection of the integrity and compliance of the exchange

https://cointelegraph.com/news/rakuten-wallet-partners-with-ciphertrace-to-assure-safety-of-its-upcoming-crypto-exchange

[akeegan]

That is a huge partnership especially for the amazon of japan! I think it's necessary that more of these wallets and exchanges have a AML compliance partner

[redsun114]

That is a huge partnership especially for the amazon of japan! I think it's necessary that more of these wallets and exchanges have a AML compliance partner

You are right, I think it's a good development and I am happy it's happening at this point in time, we are seeing so many good news in the crypto space this days and I am just happy because it has always been my goal. I am a fan of crypto in general and the truth is that since I discovered bitcoin in 2014, I have never collected fiat as payment even as a freelancer, so it is a thing of joy when a technology I love so much is being adopted all over the world.