South Korea-based crypto exchange Upbit will use Crystal analytics to strengthen AML compliance procedures
Upbit, a South Korean digital asset exchange operated by Dunamu, has announced their partnership with Bitfury Group’s Crystal™ Blockchain, a cryptocurrency analytics platform that enhances regulatory due diligence procedures for cryptocurrency exchanges and crypto payment providers.
“Maintaining strong AML compliance practices is a top priority for Upbit and partnering with Crystal Blockchain is another significant step in strengthen our capabilities in that area.” — Spokesperson for Dunamu
“We at Crystal analytics are excited about this partnership with Upbit digital asset exchange as they endeavour to ensure that their compliance procedures meet current and future global regulatory standards. This is an important time to be supporting businesses as they meet the necessary legislative requirements.” — Marina Khaustova, CEO of Crystal Blockchain
Upbit, launched by Dunamu Inc. in 2017, is the largest digital asset exchange in South Korea. Equipped with world-class technology, regulatory expertise, and operational know-how, Upbit currently operates digital asset exchanges in South Korea, Singapore, and Indonesia.
About Crystal Blockchain
Crystal is the all-in-one blockchain analytics platform, providing a comprehensive view of the public blockchain ecosystem. Crystal is available as a SaaS, API, or as an on-premise installation. Crystal is engineered by the Bitfury Group, the world’s leading full-service blockchain technology company.
Rachel Pipan, Bitfury Crystal