Barclays to Create Seniors' Team to Study Crypto Trading

To study this issue, a high-level team was already assembled, chaired by the former head of energy trading Chris Tayrr
07 August 2018   306

British investment bank Barclays returned to the issue of crypto currency, after its CEO denied the information about the preparations for the launch of a specialized unit to trade them. This is reported Financial News.

In May 2018, Jesse Staley told the shareholders of the bank that he maintains a skeptical attitude towards crypto-currencies because of the problems of their regulation. According to a new publication Financial News, the bank can still launch its own "project in the field of digital assets."

To study this issue, a high-level team was already assembled, chaired by the former head of energy trading Chris Tayrr. It also includes Marvin Barth, in charge of the macro strategy in the emerging markets and foreign exchange markets, and an expert on the blockchain Lee Brain, who is one of the leaders of the technological division of the bank..

Last month, it became known that Barclays filed two patent applications for blockchain technology, designed to optimize the procedures for customer identification and bank transfers.

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   83

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.
 

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.
 

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.