Tracing XRP’s relation to illicit activities
Elliptic began analyzing XRP over a year ago and has identified that several hundred XRP accounts are related to illegal activity — from thefts to the sale of stolen credit cards, the release further reads. Commenting on the findings, Tom Robinson, chief scientist and co-founder of Elliptic, said:
"As criminal use of crypto-assets such as XRP evolves, we are committed to shining a light on this illicit activity, giving financial institutions the confidence they need to engage with the crypto ecosystem. XRP is gaining increasing traction in the APAC region among financial institutions and banks."
The firm revealed its findings as part of the introduction of the beta version of transaction monitoring support for XRP that enables clients to check if a transaction is linked to criminal activities or sanctioned entities. In its analysis, Elliptic conducts ongoing dark web research, identification of money laundering patterns, and collects data that links XRP accounts to known entities. Pleas Read More At The CoinTelegraph
Have you seen Steem prices crash today!
Can't write no more, I need a large dose of comfort. Maybe this is a glitch or something.
No, it’s the Chinese crypto market imploding, we are suffering the effects of centralization my friend.
But China is coming out with its own crypto soon. So why damage the market?? and the cryptocurrency user base
They are confirmed fake news 😡
xrp the centralized coin always
And very likely a scam.
Great info as always @melip
Thank you so much 😉