The leading provider of cryptocurrency intelligence and blockchain security, CipherTrace, <a href="https://www.businesswire.com/news/home/20191105005404/en/CipherTrace-Announces-AML-On-Chain-Analytics-Binance-Chain">announced</a> support for Binance Chain. The platform, Binance Chain, is a public blockchain developed by the largest crypto exchange Binance.

Going with support from CipherTrace, the platform aims at improving in response to the growth of the industry. It hopes to deliver an institutional-grade anti-money laundering (AML) transparency and controls via the assistance.

Following the development, developers, investors, and regulators can now browse through the Binance Chain blockchain. They can also identify high-risk addresses and set controls to protect decentralized applications, cryptocurrency-based applications, and exchanges.
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<h2>More Functionality...</h2>
In addition to improving Binance Chain's AML controls, the platform can attract developers seeking to establish applications that are compliant.

Meanwhile, developers on the platform already built several additional features into the roadmap of Binance Chain. This includes cross-chain features and interchain, which perhaps leads to a much larger ecosystem of open source projects.

"As the blockchain ecosystem continues to mature, investors and regulators across the globe demand better transparency, security, and compliance," CipherTrace CEO, Dave Jevans said. 

<a href="https://www.cryptoknowmics.com/crypto/binance-launchpad-to-support-exchanges-ninth-project-token-sale/">Binance</a> continues to prove its goal in protecting the investors and also in taking the necessary measures to grow and diversify its audience.

The platform mainly functions as the base layer for Binance DEX with one of the fastest blockchains in the market. Binance DEX operates as a decentralized exchange feature develop on top of the Binance Chain blockchain. 

The support for the BNB token and Binance blockchain platform comes after CipherTrace's recent expansion of service. The blockchain security company added 700 crypto assets, including Bitcoin Cash, Ether, and tether, to its traceable list.

Conclusively, the Chief Compliance Officer, Samuel Lim said:

"This is a major win for the community-driven Binance Chain; our users can soon expect more digital token/asset support across our fast-growing ecosystem and lines of businesses."

Binance Chain to Deliver Institutional-grade AMLs Controls with CipherTrace

Ibiam Wayas is an optimistic crypto news reporter who also enjoys tech writing. He is an introvert who spends much of his time on the internet studying facts that will help him excel in the digital/cryptocurrency space.

Binance Chain to Deliver Institutional-grade AMLs Controls with CipherTrace

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