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Three Australian Businesses Knock Chainalysis to Monitor Dicey Cryptocurrency Activity

More than a few Australian companies have turned to products from blockchain forensics firm Chainalysis in a bid to advance their regulatory compliance and diminish risks for users. Publicized Tuesday, Australian cryptocurrency exchanges Coinjar and Coinspot will use Chainalysis’ KYT (Know Your Transaction) and Reactor applications to monitor for high-risk activity.Coinspot’s CEO Russell Wilson held customer protection from bad actors was a “top priority” and that he supported passages to endorse trust and compliance across the crypto industry.In the meantime, Australia-based payments provider Assembly Payments will use Chainalysis’ Kryptos product, a type of industry reference directory, to review profiles of…

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