Nine blockchains to support Atomic AML Oracle by Coinfirm

Coinfirm, a leading provider of illegal asset tracking and crypto AML compliance, has announced that its Atomic AML oracle is expanding to eight more blockchains to further strengthen crypto compliance for its subscribers. press release.

Responding to updated FATF guidelines

According to the FATF (Financial Action Task Force) updated guidelines, DeFi operators should be treated like providers of virtual asset services. Coinfirm created Atomic AML Oracle in response to this move.

A growing number of watchdogs around the world want to bring decentralized finance (DeFi) in line with anti-money laundering laws and continue to fight fraud, scams, terrorist financing and other illegal activities. .

Among them are the US SEC and CFTC. The EC published its recommendations at MiCA (Market in Crypto Assets). Such documents are expected to set the direction for DeFi regulation in the EU.

vast digital reach

AML Oracle covers a number of new blockchains including Binance Smart Chain, Arbitrum, Avalanche, Fantom, Celo, Optimism, Polygon and more.

In the near future, it will be implemented on the RSK and Ethereum Classic blockchains, enhancing its already wide reach.

1,000 blacklisted addresses and counts

1,000 addresses are already blacklisted. These are addresses flagged as being associated with terrorist financing, OFAC sanctions lists, arms dealers, drug traffickers, and notable recent hacker his wallets.

AML Oracle’s blacklist grows by 20 addresses per week as OFAC sanctions lists and other global watchdogs add addresses to their sanctions lists. As a result, these malicious entities are continually limited in their ability to operate.

Your freemium trial has ended

AML Oracle’s freemium trial has ended due to excessive user interest since Oracle launched on the Ethereum mainnet in May of this year.