Blockchain, Featured

Blockchain Security Company CipherTrace Collaborates With Rakuten Wallet

CipherTrace is a blockchain security company who has collaborated with a crypto exchange called Rakuten Wallet in order to assure an anti-money laundering (AML) compliance. The exchange Rakuten Wallet is a subsidiary of a Japan-based e-commerce site operator Rakuten Group. The anti-money laundering (AML) compliance will be provided to the exchange.

An account registration process was set up through Rakuten Wallet. The process is related to crypto trading services. Significant adoption was seen by the exchange.

CipherTrace is recognized as an anti-money laundering solutions provider. It was set up in the year 2015. The CipherTrace team has deep understandings in blockchain forensics. It joins hands with regulators, exchanges, and financial institutions at the international level. Helping advance cryptocurrency is a purpose behind these collaborations. Supporting Rakuten Wallet for improving investors safety and protecting the exchange integrity & compliance is a plan of CipherTrace.

The Chief Executive Officer (CEO) at the blockchain security company CipherTrace Dave Jevans said, “It is a major step for an e-commerce giant like Rakuten to both acknowledge cryptocurrency’s potential and adopt it. We have made significant strides as an industry to make the cryptocurrency market grow and become more trustable. Rakuten Wallet cares about its customers and will work with CipherTrace to make sure that exchanges have optimal protections for mainstream adoption. It is our hope that proper compliance, transparency and increased trust will lead to more and more participation in the global crypto market. We are excited to blaze this trail with Rakuten Wallet.” 

CEO Dave Jevans has deep understandings of venture capital funding, technology marketing, Initial public offering (IPO), and mergers & acquisitions. He also has deep understandings of virtual currencies, Bitcoin and blockchain, financial cryptography, Internet security, payments, encryption, enterprise security, iOS, and Android security, according to the official LinkedIn account of Dave Jevans. 

The blockchain security company CipherTrace was set up by Silicon Valley entrepreneurs. The entrepreneurs have deep understandings of cybersecurity, eCrime, payments, banking, encryption, and virtual currencies. An agency called the Defense Advanced Research Projects Agency (DARPA), and a government department called U.S. Department of Homeland Security (DHS) Science and Technology (S&T) supported CipherTrace at the initial stage. Whereas Silicon Valley venture capital investors now support CipherTrace, PR Newswire reported.
[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Shabnam Dhar is a Copy Editor for OWLT Market.

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