Binance improves its AML procedures by joining CipherTrace

Binance joins the renowned blockchain analysis startup CipherTrace, this alliance is aimed at strengthening regulatory compliance by improving anti-money laundering (AML) measures.

Additionally, CipherTrace works with the Malta Financial Services Authority to assist them in the monitoring process of the cryptocurrency businesses.

image source: https://ripplecoinnews.com/weiss-ratings-says-xrp-as-base-is-perfect-for-binance

In additional news the CEO of Binance revealed that they would finally launch their decentralized trading platform at the end of April.