Cardano Foundation decides to partner to fight black Money

Şükriye Akdeniz

Aug 26, 2021

Cardano Foundation stated in its announcement that it will benefit from Confirm.io's analytics within the scope of anti-money laundering and counter-terrorism

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Cardano, the third-largest cryptocurrency and increasingly powerful, will partner with Blockchain analytics provider Confirm.io. The collaboration aims to enable the network's financial action task force to comply with the guidelines.
It is thought that Cardano's importance will increase even more after introducing Alonzo Purple.
In the statement made by the foundation, it was stated that both the FATF and the European Union's anti-money laundering directives and the directives of international organizations will be fully complied with.
Mel McCann, head of technical integration at the foundation:
“AML/CFT analytics are essential for mass adoption of a cryptocurrency in regulated markets. The tools and services provided by Coinfirm enable every exchange, custodian, and all other third parties to clearly track the history of ADA held in their wallets.”

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