Binance’s Indian crypto exchange WazirX has tapped blockchain analytics provider TRM Labs to enhance its anti-fraud and anti-money laundering measures.
- TRM Labs offers tools for wallet screening, transaction monitoring and investigations, according to an emailed statement Thursday.
- Its monitoring capability extends to the Ethereum, Binance Smart Chain, Dogecoin, Cardano and Polygon networks amongst others.
- WazirX regards the partnership as a reinforcement of its commitment to detecting and preventing illicit activity in the face of regulatory uncertainty in India over the future of crypto assets.
- The exchange, acquired by Binance in 2019, says it’s India’s largest crypto exchange, with more than 6.5 million users and monthly volume of $6.2 billion.
Source: Coindesk
