Elliptic (PRNewsfoto/Elliptic)

LONDON, July 28, 2020 /PRNewswire/ — Elliptic, the global leader in cryptoasset risk management solutions, today announced a partnership with LocalBitcoins, the world’s leading peer-to-peer (P2P) bitcoin exchange.” data-reactid=”14″>LONDON, July 28, 2020 /PRNewswire/ — Elliptic, the global leader in cryptoasset risk management solutions, today announced a partnership with LocalBitcoins, the world’s leading peer-to-peer (P2P) bitcoin exchange.

Elliptic (PRNewsfoto/Elliptic)

Tom Robinson, Elliptic’s co-founder and Chief Scientist. “Like the rest of the crypto industry, peer-to-peer crypto exchanges have made huge strides in adapting to the new regulatory environment by introducing more stringent, technology-enabled anti-money laundering controls. Our data shows this has led to a 50% reduction in the volume of cryptoassets moving from dark markets to peer-to-peer exchanges.”” data-reactid=”32″>”By choosing Elliptic, LocalBitcoins have demonstrated their commitment to eliminating illicit use of their platform,” said Tom Robinson, Elliptic’s co-founder and Chief Scientist. “Like the rest of the crypto industry, peer-to-peer crypto exchanges have made huge strides in adapting to the new regulatory environment by introducing more stringent, technology-enabled anti-money laundering controls. Our data shows this has led to a 50% reduction in the volume of cryptoassets moving from dark markets to peer-to-peer exchanges.”

Sebastian Sonntag, CEO of LocalBitcoins. “Elliptic will enable us to achieve the highest levels of compliance while increasing operational efficiency and reducing costs. We will continue to invest heavily in AML and KYC to maintain a secure and trusted platform for our valued customers.”” data-reactid=”33″>”We are pleased to be partnering with the global leader in blockchain monitoring,” said Sebastian Sonntag, CEO of LocalBitcoins. “Elliptic will enable us to achieve the highest levels of compliance while increasing operational efficiency and reducing costs. We will continue to invest heavily in AML and KYC to maintain a secure and trusted platform for our valued customers.”

Meredith Odgers, Elliptic
press@elliptic.co” data-reactid=”35″>Media Contact
Meredith Odgers, Elliptic
press@elliptic.co

Jukka Blomberg, LocalBitcoins
info@localbitcoins.com” data-reactid=”36″>Jukka Blomberg, LocalBitcoins
info@localbitcoins.com

London with offices in New York, Singapore, and Tokyo. To learn more, visit www.elliptic.co and follow us on LinkedIn and Twitter.” data-reactid=”37″>About Elliptic
Elliptic is the global leader in crypto asset risk management solutions for crypto businesses and financial institutions worldwide. Recognized as a WEF 2020 Technology Pioneer and backed by investors including Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo. To learn more, visit www.elliptic.co and follow us on LinkedIn and Twitter.

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SOURCE Elliptic

(Excerpt) Read more Here | 2020-07-28 00:00:00
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