Crypto Compliance Just Got An Upgrade: Deloitte, Chainalysis Team Up

Crypto Compliance Just Got An Upgrade: Deloitte, Chainalysis Team Up

Deloitte and Chainalysis established a strategic partnership designed to enhance cryptocurrency compliance among their shared client base, with a focus on U.S. public sector customers and financial institutions.

Deloitte, a Big Four accounting firm, and blockchain analysis company Chainalysis announced on July 25 a strategic partnership focused on improving crypto compliance for their mutual clients.

The announcement comes after several years of planning and aims to serve primarily U.S. public sector customers and financial institutions. Both companies declined to name the specific clients that would benefit from their partnership.

This collaboration allows shared clients to leverage Chainalysis’ blockchain data and analytics software, as well as its training programs. At the same time, these clients can utilize Deloitte’s services to better manage their forensic, investigative, and compliance programs.

Deloitte offers a range of blockchain services to its clients, including setting blockchain goals and objectives and speeding up the development of blockchain prototypes.

In tandem, Chainalysis will collaborate with Deloitte’s digital assets team to educate clients on risk management, anti-money laundering, know-your-customer (AML/KYC) requirements, and regulatory compliance.

Thomas Stanley, Chainalysis’ president and chief revenue officer, expressed confidence that the partnership would be instrumental in assisting law enforcement efforts related to crypto compliance:

“For law enforcement agencies, regulators, and financial ecosystem players across the nation, the alliance offers new, collaborative solutions that help identify transformation gaps, accelerate mission success at enterprise scale, and mitigate risk while increasing revenue.”

Reflecting its growing focus on digital assets, Deloitte posted more than 300 job roles in April 2023 related to digital assets, cryptocurrency tax implications, and even NFTs.

Meanwhile, U.S. stablecoin issuer Circle has engaged Deloitte to audit its proof of reserves in January 2023, stressing the importance of a USD-backed base for stablecoins:

“Going forward, Circle will be audited by Deloitte.”

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Read More

Laisser un commentaire

Your email address will not be published.