2016/09/03 5:00 AM

On August 31, 2016, Coinfirm and Billon announced a partnership to make blockchain transactions more in-line with Anti-Money Laundering laws (AML), helping companies that deal with blockchains to better comply with the law.

Also read: KIBO: Creating the World’s First Blockchain Lottery

Blockchains Better Complying with Regulations

CoinfirmThe two blockchain-focused companies have joined forces in an attempt to bring digital currency and blockchain transactions into the institutional and mass market.

According to the press release about the partnership, the biggest challenges businesses and other commercial entities face with blockchain-based transactions and digital currency integration has been regulatory compliance and fraud risk.

Coinfirm specializes in “Compliance as a Service” for blockchain, with the first product on their platform providing solutions for AML and compliance.

Billon, which bills itself as the “world’s first blockchain that…

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