Crystal has introduced six new entity categories to strengthen compliance procedures and expanded the support of ERC-20 tokens.
In this latest release, we are upgrading the entity categories to enhance configuration and strengthen compliance procedures for Crystal platform users.
Following the latest sanctions imposed on Russia following the Ukraine invasion, Crystal has prioritized adding a sanctions entity to monitor this and other geopolitical situations more effectively. So far, Crystal has identified 150+ entities of the total 29k+ entities we have identified on our platform, under these new category types. More entities are to be added and more detailed information is available on all new entities on the platform directory.
We are introducing the following six category types:
The previous type, “Other,” is now named “Transparent.” This type does not have its Risk Score, and other signals will spread through this entity.
For those using Crystal API for integration, please update your software accordingly
In our latest product update, we have expanded the support of ETH token transfers in the monitor tool. We are adding 500 new ERC-20 tokens, so now 3100+ tokens are supported on the platform.
This feature allows cryptocurrency compliance officers to check more ERC-20 token transfers to attain a more detailed profile of a particular customer(s).
These regular updates demonstrate Crystal’s diligence in enhancing our platform and making it user-friendly for our customers.
Contact the team at [email protected] to learn more about our solutions and our latest features. We’re happy to assist you!