Crypto Compliance: Deloitte Partners With Chainalysis To Offer Data And Analytic Services

Crypto compliance can only improve as two top players in finance and blockchain analytics have partnered to provide bespoke crypto-related compliance and risk investigation services.

On July 25, Chainalysis, a leading blockchain analytics firm, announced that it formed a strategic alliance with Deloitte, a top global accounting firm, to help address compliance challenges in the crypto ecosystem. This strategic alliance comes as regulators heighten expectations and increase regulatory standards for the crypto ecosystem.

Deloitte And Chainalysis To Address Compliance Challenges In The Crypto Ecosystem

Chainalysis and Deloitte seek to meet the growing demand as financial institutions develop digital assets risk management strategies and global regulators and law enforcement operatives clarify regulatory guidelines.

The partnership between Deloitte and Chainalysis will help their mutual clients leverage Chainalysis’ blockchain dataset and bespoke analytics software alongside Deloitte’s services to manage risks, investigate threats, and enhance compliance.

A Chainalysis spokesperson revealed that both firms worked for this alliance for years, aiming to help more organizations embrace blockchain technology.

In the announcement, Chainalysis president and chief revenue officer Thomas Stanley said the partnership targets their mutual customers, including regulators, law enforcement agencies, and financial institutions.

According to Stanley, this collaboration would help identify transformation gaps, speed up mission success at a large scale, mitigate risks, and increase revenue.

Deloitte’s advisory blockchain and digital asset practice lead and principal Deloitte & Touche LPP, Tim Davis, also commented on the development. Davis said Deloitte is committed to advising clients on the best approaches to risk management, analytics use, and regulatory compliance as digital asset adoption increase across sectors.

The new partnership with Chainalysis demonstrates Deloitte’s interest in leveraging the analytics firm’s digital asset innovation for its client’s benefit, Davis explained.

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Author: Kent Glory

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