B21 and Coinfirm tackle Anti-Money Laundering Compliance with technology partnership
B21 will deploy the Coinfirm technology during its token sale to ensure that B21 is fully compliant with AML regulation.
Coinfirm is a leading regulatory technology company with an objective to secure the safe adoption and use of blockchain financial transactions, mainly by deploying the Coinfirm AML/CTF Platform. Coinfirm’s platform helps companies to streamline and automate compliance processes and aims to be the global standard for AML, in turn enabling a high level of transparency for cryptocurrency and blockchain based transactions.
Coinfirm’s AML platform will make it possible for B21 to identify funds from risky or illegal sources and assess risks connected to dealing with contributing wallet addresses serving Bitcoin, Bitcoin Cash and Ethereum.
Correct AML and transparency is a key for the correct adoption of blockchain based projects, especially in highly regulated sectors. Coinfirm bridges the gap between the traditional economy and the possibilities offered by blockchain and cryptocurrency, raises the effectiveness of counteracting money laundering, brings analysis of the source of funds and solutions that secure the safe use of this new system
Paweł Kuskowski, CEO and Co-Founder of Coinfirm.
B21 will use this valuable data to block and refund transactions on those wallets marked as “high risk”.
B21 is a fintech company headquartered in Gibraltar and is the developer of a personal wealth management platform for cryptoassets that enables the mass market to invest in cryptoassets by creating their own portfolio of cryptocurrencies like Bitcoin, Ethereum, EOS and others. The B21 app enables customer to invest using local fiat currency and has a user-friendly portfolio dashboard, the application also supports recurring investments. Historically managing a portfolio of cryptocurrencies would require a user to open several accounts, manage multiple passwords and have a strong technical knowledge. With B21 you only need a single account to manage all your cryptoassets. B21 is founded by industry veterans Miles Paschini, Nitin Agarwal and Simon Pearson and the company is advised by DNA Fund, as well as widely known blockchain investor and chairman of The Bitcoin Foundation, Brock Pierce.
Coinfirm is a recognized leader in their field, ranked among the most influential blockchain and regtech companies and serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. The blockchain agnostic platform benefits companies operating around blockchain as well as major financial institutions, asset management companies and BI companies. www.coinfirm.io