Chainalysis analyzed that cryptocurrency regulatory compliance standards have become stricter than ever. Blockchain analytics firm Chainalysis stated in its own report, "Institutions are also implementing robust monitoring systems to meet stricter standards. Nearly half of the institutions newly onboarded this year are applying 'alerting' standards strict enough to have been in the top 10% by 2020 standards. This is a sign that the ecosystem is maturing quite rapidly. However, even with the most sophisticated settings, actual risks can be missed or incorrect activities detected. Therefore, due diligence for cryptocurrency service providers should not be limited to merely looking at coverage numbers, but rather the key is how well the data performs in real operating environments and regulatory verification situations," it emphasized.
