BitLine Announces Partnership with Ciphertrace for Enhanced Security and Compliance
BitLine, the industry provider for accessing casino chips through digital assets, has formed a strategic partnership with Ciphertrace, a global leader in digital asset transaction monitoring. This collaboration aims to improve real-time transaction monitoring and compliance with global regulatory standards.
With recent developments in the digital assets industry, including regulatory actions and leadership changes, integrating Ciphertrace will enhance BitLine’s capabilities. Ciphertrace automates the screening of incoming and outgoing transactions, ensuring compliance with regulatory requirements.
Richard Jones, CEO and co-founder of BitLine, emphasized the importance of compliance and security in the Web3 industry. He expressed enthusiasm for the partnership with Ciphertrace, emphasizing their commitment to integrating innovative technologies into the digital asset landscape.
Ciphertrace, acquired by Mastercard in 2021, is trusted by governments and law enforcement for digital asset transaction monitoring. Their solutions provide compliance, security, and risk management in the cryptocurrency space.
BitLine will implement Ciphertrace Traveler to comply with “Travel Rule” regulations and FATF recommendations. This will enhance their efforts against financial crimes. Since its launch in 2023, BitLine has offered direct access to cryptocurrency and digital asset liquidity in just a few minutes. The BitLine platform is available for use in casinos worldwide, 24/7.
By incorporating Ciphertrace’s risk threat detection tools, BitLine demonstrates its commitment to maintaining the highest standards of Web3 compliance.
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