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.
XRP traders are moving assets to centralized crypto exchanges amid macro hiccups, even as the…
Major cryptocurrency XRP is surging in transaction volume even as its price index hovers around…
The stablecoin market is quietly evolving, as a new report indicates that Circle’s USDC leads…
Cardano (ADA) could be gearing up for an explosive comeback as a potentially bullish cup-and-handle…
New Bitcoin whales now control one-third (33%) of the BTC realized market capitalization held by…
Bloomberg commodity strategist Mike McGlone reiterated his prediction that Bitcoin (BTC) could fall to $10,000, calling the…