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Deloitte, Chainalysis alliance to give law enforcement a crypto edge

Press Releases Crypto News Cointelegraph Deloitte, Chainalysis alliance to give law enforcement a crypto edge

Professional services giant Deloitte is set to boost its clients’ blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis.

Announced during a Chainalysis conference in Washington DC on July 25, the tie-up will see Chainalysis’ blockchain datasets, analytics software and training programs assist Deloitte’s clients with their crypto forensic, investigative and compliance needs.

A Chainalysis spokesperson told Cointelegraph that the alliance had been in the works for years, with the aim of helping more organizations to adopt blockchain technology.

Our alliance with @Deloitte, announced today at #TraceDC, will provide public and private organizations with bespoke solutions and specialized services related to risk, compliance, and investigations. Read more:https://t.co/NqbPPA6HYb pic.twitter.com/I48lKhhInb

— Chainalysis (@chainalysis) July 25, 2023

Thomas Stanley, president and chief revenue officer of Chainalysis said the collaboration is aimed at their mutual clients, including law enforcement agencies, regulators and financial institutions.

“We’re starting with a focus on regulators, law enforcement, and financial institutions given where they are at in their adoption of this technology and the unique overlap of our customer base,” the spokesperson added, noting that it will be introduced United States first.

“We’re initially rolling this out in the United States, but it is something that other markets can readily adopt. It’s our belief that other global markets will follow suit.”

In a document outlining the alliance, Deloitte said some of the challenges faced by government agencies include when cryptocurrencies are Go to Source to See Full Article
Author: Felix Ng

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