Cryptovoucher, the leading provider of easy cryptocurrency access in Europe, saw the fast-growing crypto market and realized that a tightening of their security and AML/CFT efforts is needed ASAP. With AnChain.AI, the company found that they can take their cake and eat it, too, providing a secure and fully-compliant cryptocurrency and virtual assets market for all.
Hassle-free: Cryptovoucher.io continues to provide easy access to cryptocurrencies without worrying about security and regulation
AML/CFT response: AnChain’s tools and solutions enhance Cryptovoucher’s existing protocols against money laundering and terror financing
Extends a safe cryptocurrency market across the Atlantic and into European territories
Secures a wide array of cryptocurrencies and assets: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Ethereum Classic, 0x, and Dash
Security Enhancement Required
A Frenzy of Demands and Regulations
2021 has seen a massive upswell in the demand for cryptocurrencies and assets.
Greyscale’s billion-dollar investments, crypto ETPS’ massive growth, NFTS’ value surge all underline the need for secure and accessible crypto marketplaces with strong AML/CFT protocols.
For one, Greyscale, one of the leading digital asset management firms, has announced that the total value of virtual assets under their management has reached $36 billion, the highest it has ever been. For another, even back in February of 2021, crypto exchange-traded products (ETPs) have already seen humongous growth-$43.9 billion, in fact, according to CryptoCompare’s market data research.
Another report also points out an upward trend in the NFT community: The trading volume of non-fungible tokens has surged up to $10.67 billion in value during Q3 of 2021, which is a 704% increase from the preceding quarter.
With all these new developments in the crypto market, the need for crypto marketplaces with strong AML/CFT protocols is more paramount than ever before. If those markets are secure and accessible, all the better.
Regulators took this meteoric rise as a call to action. Government bodies like FinCEN and OFAC have introduced new regulations in 2021, all the while cracking down on VASPS that lack adequate AML/CFT programs, even for decade-old transactions. In fact, just in February of 2021, payment provider Bitpay settled over $500,000 in OFAC charges when illicit transactions were discovered on their platform that started as far back as 2012. The company faced a maximum fine of over $600 million.
With this in mind, Paretone decided to take a proactive approach to AML (Anti Money Laundering) regulatory compliance and infrastructure security, in the hopes of ensuring a bright future for the trillion-dollar digital asset economy.
A Secure and Easy-to-Use Platform for All
”AnChain.AI s comprehensive blockchain ecosystem intelligence infrastructure plays an instrumental role in our efforts to build the most secure and easy to use cryptoCBO and Co-founderCryptovoucher.io
”AnChain.AI's comprehensive blockchain ecosystem intelligence infrastructure plays an instrumental role in our efforts to build the most secure and easy to-use crypto platformAdel GhoumaCBO and Co-founder of Cryptovoucher.io