July Digest
Crystal Intelligence
Blockchain intelligence and compliance solutions for financial institutions, governments & regulators
FATF highlights compliance gaps and emerging risks
In June 2023, the Financial Action Task Force?updated?its anti-money laundering and counter-terrorist financing measures for virtual assets and virtual asset service providers.
Crystal’s Mariam Giorgadze covers their keys recommendations including that banning crypto may not be the best approach.
Crystal and Grant Thornton (Blockchain) Cyprus announce an exclusive partnership
We are more than excited to partner with Grant Thornton (Blockchain) Cyprus to offer a whole new portfolio of services for VASPs looking to explore the potential of Blockchain technologies.?
Crystal is nominated for Best RegTech Solution by Finovate Awards 2023
We are thrilled to announce Crystal has been shortlisted in the category of Best RegTech Solution by the prestigious Finovate Awards. The Finovate Awards hold a special place in the fintech industry, recognized as a symbol of excellence and innovation with a diverse panel of experts assembled to serve as judges.?
Ukraine has received $225m in crypto donations to date
To date $225 million in crypto donations has been made to the Ukraine campaign since the Russian Federation invasion on 24 February 2022. Crystal analyst, Oleksandr Oleksiienko, writes that in 2022 the donations more than tripled rising from $53 million donated in March to over $178 million by 20 September of the same year.?
NFTs and MiCA – what you need to know
How will the MiCA regulation impact the way NFT marketplaces can address risks associated with NFTs? With the introduction of MiCA into the EU, Crystal’s regulatory team has summarized what you need to know about NFTs, money laundering, liquidity concerns, custody risk and much more.
NFT analytics deliver deeper insights in Crystal’s latest product release
With the increasing popularity of non-fungible tokens (NFTs) and the corresponding rise in criminal methods to exploit NFTs, having more insight into NFT trade history and associated addresses is a game-changer for compliance teams.?
A key feature in our latest update is the addition of NFT analytics, which supplies valuable insights into NFT trade history and helps show related addresses.??
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How to investigate emerging risks related to cross chain crime
Crystal team members Scott Pounder and Hedi Navazan were joined by investigator Rob Moore in this webinar?to discuss cross-chain crime and chain hopping and how criminals are using these techniques for money laundering and illicit activities involving cryptocurrencies.??
Hong Kong: a new center for digital assets
Hong Kong mandates licensing for centralized VATPs starting June 1, 2023, enhancing investor protection and combating money laundering.
“Blockchain solutions are like a gift from the gods.”
In this episode, Crystal CEO Marina Khaustova and Jason Boud, CEO of RegTEch Associates were joined by BCB team members Natasha Powell and Kym Routledge where the benefits of analytics tools were hailed as gifts from the gods.?
Do you agree??
Crystal in the news:
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About Crystal
Crystal Blockchain Analytics provides an all-in-one blockchain analytics tool to customers in the digital asset industry, banking, law enforcement and regulatory sectors. We enable financial services and VASPs to meet global anti-money laundering requirements through crypto transaction monitoring and risk assessment.?Customers in law enforcement and regulatory spheres leverage our technology and data to track the movement of thousands of cryptocurrencies in real-time to identify illicit flows.
Our platform is available as a free demo, SaaS, and API.