The analytical company Chainalysis announced the development of its network of branches in the Asia-Pacific region. Two of them will open in Tokyo and Singapore and will be used as headquarters for further business development.
“The recognition of cryptocurrency and, in particular, stablecoins is growing rapidly, which contributes to the introduction of new rules for working with such assets. Now is the time for crypto companies and financial institutions to implement compliance measures as regulators and law enforcement agencies focus on this emerging class of financial instruments, ”said Jason Bonds, Head of Revenue at Chainalysis.
In their blog, Chainalysis specialists emphasize that at the moment the Asia-Pacific region is the leading digital market, which accounts for about 31% of transactions with cryptocurrencies (statistics for the period from June 2019 to July of this year). In addition, the company already cooperates with local service providers in this area – BitMEX, Crypto.com, Algorand, 100x Group.
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