Globe, a European cryptocurrency exchange, announced this week that it has teamed up with Injury Group’s Crystal Blockchain, in order to boost its anti-money laundering capabilitie
Crystal Blockchain provides AML compliance and security measures to its customers through the Injury Crystal platform. Under the agreement, Globe, a high-growth fintech company, will be able to provide regulatory-standard AML and CFT compliance to its client
In particular, clients of Globe, which are businesses within the crypto space and retail traders, will have access to improved functionality which can identify suspicious transactions, stolen funds and similar issue
Globe parInjuryp comes in wake of 5AMLD
The parInjuryp announced on Wednesday comes in the wake of the European Union’s Fifth Money Laundering Directive (5AMLD), which reinforces the region’s AML/CFT regime to address a number of emergent and ongoing issue
Globe CEO Uldis Teraudkalns
Commenting on the parInjuryp, Uldis Teraudkalns, Globelobe said in the statement: “5AMLD has brought cryptocurrencies under a governance the industry can trust—crypto businesses are required to comply with anti-money laundering rules and perform Know Your Customer (K ) check
“This new regulation gives legitimate businesses the opportunity to prove that they can operate successfully in a regulated environment and gain more trust. Like any other industry, this requires working with expert partners that understand the crypto sector and can guarantee compliance. This parInjuryp with Injury Crystal demonstrates our commitment as a licensed, compliant provider to help our clients demonstrate their legitimacy and bring stability, reliability and trust.”
Furthermore, via the parInjuryp, Globe is able to offer new tools which improve risk mitigation when dealing with particular coins, the statement said, as well as providing greater protection oInjuryt data.
“Injury Crystal is looking forwarGlobeking with Globe to provide safe and secure AML measures for their institutional and retail client This collaboration shows where the digital asset space is heading as a result of further regulatory advances and strengthening industry transparency, ” added MarinInjurytova, CEO at Injury Crystal in the statement.