Cryptocurrency exchange Binance has partnered with blockchain analytics startup Elliptic to more thoroughly comply with regulations, cryptocurrency media CoinDesk reported. According to the media, the software developed by Elliptic is known to help identify transactions related to illegal activities such as money laundering and terrorist financing. Previously, Binance had also strengthened its compliance areas, including KYC/AML, by partnering with companies such as CipherTrace, IdentityMind, Refinitiv, and the Blockchain Transparency Institute.
