The blockchain analysis company Chainalysis is all set for expansion of its partnership with ZebPay, one of the leading cryptocurrency exchange and wallet provider in India. ZebPay plans to expand the use of Chainalysis KYT (Know Your Transaction) for transaction monitoring and compliance processes, and along with that Chainalysis Reactor for enhanced investigations in India, as per the new of the agreement. The expansion follows the recent regulatory developments regarding cryptocurrency in the country. ZebPay already uses Chainalysis software in Singapore.
According to Jason Bonds, Chief Revenue Officer, Chainalysis, there are still steps that need to be taken to strengthen cryptocurrency regulation in India, and that is why exchange platforms such as ZebPay can implement robust compliance and investigative software for a well-equipped future developments. He believes India is ready to make advancements in the cryptocurrency market, and thus he looks forward to growing the business there, and are excited to partner with ZebPay during this historic time.
Avinash Shekhar, the President of ZebPay mentioned that they were always looking to build a best-in-class compliance program in India, and was aware of the power of Chainalysis KYT’s automated compliance features and Chainalysis Reactor’s advanced investigative capabilities, having experienced it in the other markets and it instilled the confidence that Chainalysis would play a pivotal role in its expansion plans for India.
With the support of Chainalysis KYT, cryptocurrency business of ZebPay can monitor large volumes of cryptocurrency activity and identify high-risk transactions on a regular basis. Real-time alerts on the high-risk activity allows dedicated teams to focus on the most urgent activity and achieve their regulatory obligations to report suspicious activity. Chainalysis Reactor will assist cryptocurrency businesses to investigate suspicious transactions further and provide more detailed reporting on criminal activity such as extortion, fraud, and money laundering on the blockchain.
Chainalysis is a blockchain analysis company which has its root in 40 countries. Expert in providing data and analysis to financial institutions, government agencies, exchanges, it has clients like Accel, Benchmark, and other leading names in venture capital who trusts Chainalysis for blockchain solutions. Its support spreads across investigation and compliance tools, to create transparency across blockchains allowing its clients to confidently engage with cryptocurrency.
For more information, visit https://www.chainalysis.com
Founded in 2014, ZebPay is India’s leading cryptocurrency exchange that offers the largest BTC-INR and BAT-INR markets in the world. Headquartered in Singapore, with transactions in India, Singapore, and Australia offering cryptocurrency trading facilities, ZebPay is a dependable name when it comes to blockchain support.
For more information, visit https://www.zebpay.com