Australia’s Blockbid cryptocurrency trading firm has achieved a significant milestone yet again in the blockchain-based virtual currency industry by becoming the first crypto exchange in the globe to partner with a traditional risk management firm, in a bid to conduct more effective Know-your-customer (KYC) and Anti Money Laundering (AML) operations.
With the new alliance, Blockbid will transform its operations using the ThreatMetrix 1.4 billion robust identity database with that of LexisNexis.
At a time when regulators all around the globe are mandating crypto-related businesses to pay more attention to their KYC/AML operations, the deal appears to be a huge step in the right direction for Blockbid.
While the Cryptospace is yet to gain the full backing of authorities globally, the…
