Chainalysis, an analytic startup, added support for 10 ERC-20 tokens to its solution to counter money laundering using cryptocurrencies. This was reported by The Block.
Support added for Maker, Dai, 0x, OmiseGo, Basic Attention Token, and other assets. Chainalysis will also provide its customers with the opportunity to work with coins whose support has not yet been implemented. Over the next three months, the company will expand the capabilities of the service for Ripple's XRP token and Dogecoin, Ethereum Classic, Dash and Zcash cryptocurrencies (only unprotected transactions).
According to Jonathan Levin, Chainalysis co-founder and director of strategy, the decision to add new assets is associated with the growing needs of market participants and the increasing incidence of hacker attacks aimed at ERC20 tokens. Also, according to him, recently many companies are trying to meet the requirements of regulators and therefore are strengthening measures to combat money laundering, which applies to Ethereum assets.
Recall that in August Chainalysis introduced the real-time alert system Chainalysis KYT, informing users about suspicious transactions in cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash and stablecoins DAI and Tether.