TL;DR Breakdown: Cardano Foundation is adopting AML/CFT analytics to bolster institutional adoption while also staying compliant.Not just ADA, the analytics covers every other cryptocurrency that will be deployed on Cardano. The non-profit organization Cardano Foundation has collaborated with blockchain analytics provider Confirm to integrate AML/CFT compliance solutions for the Cardano blockchain, its native cryptocurrency ADA, and other cryptocurrencies that will be launched on the blockchain. In addition to being compliant with global regulators, the foundation said the integration of the AML analytics would increase “the institutional capabilities of the Cardano ecosystem.” Cardano Foundation enables first analytics solution on Cardano Anti-money laundering solutions are important for crypto companies or projects to operate in regulated markets. As crypto and blockchain gain more popularity, there are chances there will be cases of theft, which necessitate forensic analysis tools so that victims and other entities will be able to track dubious transactions. By integrating the AML analytics, the Cardano Foundation ensures illicit transactions are mitigated on the blockchain, in addition to being fully compliant with the FATF’s (Financial Action Task Force) guidelines, 6AMLD, and national regulations. AML/CFT analytics is essential for a cryptocurrency to receive mass adoption within regulated markets. sai...
