Binance Chain primarily functions as the prime layer of Binance DEX with one of the fastest blockchains in the market
CipherTrace, provider of cryptocurrency intelligence and blockchain security, announced support for Binance Chain, public blockchain that was developed by Binance and its community to facilitate the transfer and trading of blockchain assets and BNB.
From now on, Binance Chain will provide institutional-grade anti-money laundering (AML) controls and transparency.
The Binance Chain blockchain will be browsed by developers, investors, and regulators to identify high-risk addresses. What is more, CipherTrace will help to set controls to protect decentralized applications (DApps), exchanges, or other cryptocurrency-based applications.
This way, the collaboration will improve Binance Chain’s AML controls and help the platform attract developers looking to build mainstream, compliant, and secure applications.
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