Zilliqa Blockchain: Elliptic Brings AML Compliance

Blockchain monitoring startup Elliptic provides anti-money laundering services to blockchain Zilliqa and cryptocurrency. The partnership, announced Wednesday, means Elliptic based in London will monitor the transactions passing through Zilliqa, included in this Zilliqa upcoming Zil crypto and Singapore dollar is pegged XSGD stablecoin, set for release in December, according to a press release.

Tom Robinson, chief scientist Elliptic, to CoinDesk through a spokesman that the company provides tools that allow the exchange and other companies to identify funds that are washed by tracking transactions. “Our tools enable these services to identify whether funds are being laundered through their business, by tracing each crypto-asset transactions all the way through blockchain, to its source,” he said.

Timeline of Zilliqa