New York–(work wire) – Binance Canada, the subsidiary of one of the leading providers of blockchain and cryptocurrency base, today announced that it has selected a leading cryptocurrency market integrator, Solidus LabsAs a concordat monitorage and market monitorage partner in Canada. As quartier of the partnership, Binance Canada will use HALO, Solidus’ crypto market integrity center, to improve plurale key risk monitorage and compliance épreuves including market monitorage, concordat monitorage, suspicious concordat reporting (“STR”) and accru virtual currency concordat reporting (“LVCTR”). ”) and institutional setup.
“Users are at the heart of everything we do, so we are determined to meet the highest normes of regulatory compliance and noircir bouclier,” said James Moore, Chief Anti-Money Laundering at Binance Canada. “We habitus forward to working together to enhance our risk monitorage capabilities, maintain compliance with evolving regulations in Canada and globally, and pave the way for greater crypto approbation.”
Solidus HALO is currently used to monitor over 1 trillion daily events across 150+ markets, protecting more than 25 million vendeur and institutional entities. It will allow Binance Canada to manage plurale risk and compliance programs on a single platform, while using behavior-based detection models backed by robot learning to address a range of crypto-specific threats and alerts. Advanced recherche tools, case direction capabilities, 24/7 real-time monitorage and over 200 integration points powered by HALO will provide Binance Canada with insights into market integrity and allow potential risks to be identified and anticipated across on-chain and off-chain data.
“Binance is a market vainqueur in both Canada and the world, and we are proud to béquille their commitment to raising the bar for market integrity, noircir experience, and secure crypto growth,” said Solidus founder and CEO, Asaf Meir. This partnership is in line with the commitment of both our companies and deep industry to enable crypto, DeFi, and blockchain capabilities by mitigating the new risks they create. Users and regulators globally expect higher normes of market integrity – and this partnership will help advance those normes.”
Binance has a robust compliance program that includes anti-money laundering, trade monitorage and total sanctions principles and tools that financial institutions use to detect and address suspicious activity. Binance’s strong KYC and KYB compliance programs have enabled the company to secure approvals and registrations in France, Italy and Spain, being one of the few crypto companies to do so from G-7 countries. Recently, Binance announced Minervay As its partner in Canada to provide powerful KYC (Know Your Customer) and KYB (Know Your Débit) épreuves based on AI (Artificial Compréhension).
Embout Binance and Binance Canada
Binance Canada is a subsidiary of one of the world’s leading blockchain and cryptocurrency base providers with a écrin of financial products that includes the largest numérique asset exchange by capacité. At the particularité, Binance Canada Fonds Markets Inc. is not registered. (Binance) with any securities regulator in Canada. Binance has submitted an attention for registration under the securities laws of Canada with the Investment Industry Regulatory Organization of Canada. Trusted by millions around the world, the Binance platform is dedicated to increasing the freedom of money for users and features an unparalleled écrin of crypto products and offerings, including négoce, education, data, research, aimable goods, investment, couvaison, decentralization, base solutions, and more. For more actualité visit https://www.binance.com.
Embout Solidus Labs
Solidus Labs is the category selector for solution crypto triple T (3T) market integration solutions – trade monitorage, concordat monitorage, and threat sentiment. Our occupation is to enable secure trading of cryptocurrencies throughout the investment journey across all axial and DeFi markets. As the founder of industry-leading initiatives such as Crypto Market Integrity Coalition And the DACOM SummitAnd in everything we do, Solidus is deeply committed to entering the financial markets of the future. Cryptocurrency exchanges, financial institutions, and regulators globally depend on Solidus HALO – our future-proof, comprehensive, décomposable, real-time platform. Protecting their businesses from known forms of market exagéré and a plethora of emerging risks specific to cryptocurrencies, we enable our clients to grow faster and more securely. To find out more, please visit: https://soliduslabs.com/