Elliptic announced support for Enjin in its transaction screening products on May 24. Until now, it has achieved 97% of the trading volume coverage of all crypto-assets, which is by far the broadest transaction screening coverage in the crypto industry. It will help crypto businesses achieve compliance with Know Your Customer (KYC) / Anti Money Laundering (AML) regulations and sanctions. The crypto businesses and other institutions can now screen for risk across 100 different crypto-assets.
Have you heard? @elliptic Elliptic now supports more than 97% of all cryptoassets by trading volume! Powering enhanced #AML and sanctions compliance for crypto businesses!
Get all the details here ➡️ https://t.co/q5zMuvbpTz#cryptoassets #compliance #press pic.twitter.com/oQJ5Mzp988— elliptic (@elliptic) May 20, 2020
@enjin – Today, @Elliptic launches support for $ENJ in its compliance tools – used by hundreds of crypto businesses. Building confidence and trust in $ENJ pic.twitter.com/LtC0fJ35MD— elliptic (@elliptic) May 20, 2020
The Elliptic system provides comprehensive and accurate risk data across all supported assets and an overwhelming majority of the crypto trading volume, allowing companies to quantify risk, safely navigate the compliance landscape and grow their business.
Enjin is a leading developer on the Ethereum blockchain, focusing primarily on Non Fungible Tokens (NFTs). The Enjin team has developed a plethora of products to assist developers interested in creation and distribution of Non Fungible Tokens (NFTs). The team also proposed and successfully implemented ERC-1155 standard, the proprietary standard for NFT tokens.
The powerful platform allows developers to mint blockchain assets without writing complex code, using a simple clean interface and integrate them into games, apps, platforms etc. To ensure a seamless user experience, the Enjin is powered by a variety of tools, to assist participants interested in their endeavor.