Ripple Deal Could Make XRP Cryptocurrency Compliant With FATF Anti-Money-Laundering Rules

Published: June 27, 2019 | by Bitcoin Press News Team

Brad Garlinghouse, chief executive officer Ripple. © 2017 Bloomberg Finance LP Ripple, the largest single owner of the XRP cryptocurrency (currently valued at $20 billion), has signed a deal with regulation technology startup Coinfirm, to shine new light on how the third-largest cryptocurrency is being used.

Among the new anti-money-laundering (AML) information Coinfirm will provide about cryptocurrency users is whether the cryptocurrency has been processed by technology called a “mixer,” designed to launder cryptocurrency by privately exchanging funds from multiple counterparties; information on clustering, when small amounts of currency are sent via many different addresses to disguise the size of […]

View the full story at: www.forbes.com

Ripple Deal Could Make XRP Cryptocurrency Compliant With FATF Anti-Money-Laundering Rules

Published: June 26, 2019 | by Web Master

Brad Garlinghouse, chief executive officer Ripple. © 2017 Bloomberg Finance LP Ripple, the largest single owner of the XRP cryptocurrency (currently valued at $20 billion), has signed a deal with regulation technology startup Coinfirm, to shine new light on how the third-largest cryptocurrency is being used.

Among the new anti-money-laundering (AML) information Coinfirm will provide about cryptocurrency users is whether the cryptocurrency has been processed by technology called a “mixer,” designed to launder cryptocurrency by privately exchanging funds from multiple counterparties; information on clustering, when small amounts of currency are sent via many different addresses to disguise the size of […]

View the full story at: www.forbes.com