INS to release its wallet

Much anticipated Blockchain Platform by INS is on schedule with the launch of the cryptocurrency wallet on June 29
21 June 2018   453

A new open source cryptocurrency wallet by INS is coming worldwide on June 29. The initial release will support only web platform with iOS and Android versions to be added later. The wallet supports INS ERC20 and ETH tokens with BTC coming soon. Users will be able to perform transactions, receive payments and store funds.

INS Wallet Launch

Launch Summary

INS Ecosystem builds the next generation high-performance scalable blockchain platform with security protocols and smart contracts designed with the express purpose to meet an immense business scope with focus on the consumer markets (retail, consumer goods and services, logistics, etc). At the moment of publication, INS market indicators are as follows:

Average price 0.854392 USD
Market cap 25,888,862 USD
Volume (24H) 4,929,740 USD

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   95

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.