{"id":30735,"date":"2020-10-29T13:12:46","date_gmt":"2020-10-29T12:12:46","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=30735"},"modified":"2023-09-12T10:02:42","modified_gmt":"2023-09-12T10:02:42","slug":"coinfirm-is-integrating-chainlink-oracle-to-brings-its-aml-compliance-data-to-defi","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/coinfirm-is-integrating-chainlink-oracle-to-brings-its-aml-compliance-data-to-defi\/","title":{"rendered":"Coinfirm is Integrating Chainlink Oracle to Brings Its AML Compliance Data to DeFi"},"content":{"rendered":"
Coinfirm<\/a><\/strong>, leading blockchain analytics and AML company, is integrating Chainlink<\/a><\/strong>\u2019s oracle network to its AMLT oracle<\/strong> service to brings its AML data to the rapidly expanding decentralized finance (DeFi) economy.<\/p>\n According to an announcement<\/a><\/strong> by Coinfirm on Wednesday, October 28th, this integration will make Coinfirm\u2019s AML data available on-chain for application and users \u201cto add compliance as an optional plug and play feature when using smart contract applications, allowing DEXs, traditional finance, enterprise companies, and more to meet their compliance requirements when interacting on-chain.\u201d<\/em><\/p>\n Coinfirm\u2019s AMLT oracle<\/a> <\/strong>is DeFi’s first smart contract-based solution for AML compliance. This solution contains a risk score for 270+ compliance indicator checks, blacklisted blockchain address checks, high-risk transaction pattern warnings, and more across the widest coverage on the market.<\/p>\n Chainlink\u2019s market-leading decentralized oracle network will enable Coinfirm\u2019s compliance data available to dApps in a highly available and tamperproof manner. Furthermore, blockchain agnostic architecture of Chainlink\u2019s oracles will provide a method to share the data across any blockchain environment, \u201cgiving rise to on-demand compliance across ecosystems.\u201d<\/em><\/p>\n <\/p>\nAML Compliance is Necessary For DeFi<\/strong><\/h2>\n