This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Gatecoin, the leading Hong Kong-based cryptocurrency exchange, has integrated the Coinfirm AML (Anti-Money Laundering) risk and compliance platform and joined their AMLT Network as a Member.
Headquartered in London, Coinfirm has been a pioneer and innovator in the AML space for blockchain and cryptocurrencies. The blockchain agnostic Coinfirm AML Platform enables the real-time analysis of Bitcoin, Ethereum, NEO, Dash, Hyperledger and other blockchains for AML and compliance purposes, using proprietary algorithms and more than 200 risk indicators. Already working with major financial institutions, exchanges and other regulated enterprises, Coinfirm is pleased to welcome Gatecoin as a partner and AMLT Network Member.
Since the launch of its trading platform in 2015, Gatecoin has always complied with AML and KYC (Know Your Customer) obligations set out in Hong Kong and international legislations, regulations, rules and Industry Guidance for the financial services sector. With the Coinfirm AML Platform, Gatecoin will bring better security for its traders, while simplifying the registration process for crypto-to-crypto trading.
“More and more exchanges are recognizing the value of working with the Coinfirm AML Platform and AMLT Network and Gatecoin has always been on the forefront of addressing this aspect of the industry, so it was only natural we aligned and showed the market the next standard and direction. It shows how much they care about the quality of their product, and safety and security of their users” – Grant Blaisdell, Co-Founder of Coinfirm and AMLT Network
Gatecoin has also joined the AMLT Network, a Coinfirm created system and tool to bring better transparency and security into the blockchain ecosystem. Coinfirm’s recently launched AMLT Network and integrated token is the first solution of its kind not just in the cryptocurrency economy but in the history of finance that not only gives a voice to anyone in the market but rewards them for doing so. Attached to the Coinfirm AML Platform used by anyone ranging from banks to crypto exchanges, AMLT aims at limiting potential damage caused by fraud and nefarious actors while limiting their incentives to do such actions in the first place. The system also allows to submit positive and personal data to provide better transparency between trusted transaction parties.
RelatedNews
Together with Coinfirm, Gatecoin is taking another step to setting AML compliance standards for the Cryptocurrency economy while providing users, partners and the entire economy with better security and safety.
About Coinfirm
Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. A recognized leader in the regtech field, the blockchain agnostic platform benefits not only companies operating around blockchain but also major financial institutions, asset management, and BI companies. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in CE.
About Gatecoin
Founded in 2013, Gatecoin is a bitcoin and ethereum token exchange designed for both professional traders and retail investors. Through our intuitive trading platform, we enable individuals and institutions around the world to trade and invest in a wide variety of cryptocurrencies and blockchain assets. Thanks to our international payments network, our clients can fund their accounts through fiat currency bank transfers in HKD, EUR, USD and SGD.
Our exchange infrastructure is designed, monitored and audited by world-class security experts to prevent theft of client assets and information. We store the majority of blockchain asset credits in offline multi-signature hardware wallets (cold storage) and maintain 24/7 monitoring of our exchange to detect suspicious activity.
Gatecoin has been an early supporter of bitcoin inspired technologies, as the first exchange in the world to list Ethereum’s token, Ether (ETH) in August 2015. We were subsequently the first exchange to list ERC20 standard tokens associated with decentralized applications (dapps) built on top of ethereum and the first to provide direct participation in token generation events (TGEs) or initial coin offerings (ICOs). We continue to support the most promising blockchain based projects, acting as a global gateway to decentralized applications.
