21 Analytics software enables first compliant crypto asset transaction
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21 Analytics software enables first compliant crypto asset transaction 21 August 2020Zug Reporter: Rebecca Delaney
Image: peshkov - stock.adobe.com
The first automated and compliant crypto asset transaction has been enabled by Swiss asset technology software provider 21 Analytics between Crypto Finance AG and Mt Pelerin.
The bitcoin transaction was compliant with the anti-money laundering ordinance of the Swiss Financial Market Supervisory Authority (FINMA).
21 Analytics’ newly released software allows financial intermediaries and virtual asset service providers (VASPs) to comply with FINMA over both the OpenVASP and Travel Rule decentralised protocols.
Crypto Finance and Mt Pelerin clients are now able to perform crypto asset transactions between any legally compliant financial intermediaries.
Jan Brzezek, CEO of Crypto Finance, commented: “The global adoption of crypto assets requires an international standard as well as the technology and processes to comply with it. All players now have the legal certainty they need in order for crypto assets to become an important alternative asset class.”
Arnaud Salomon, CEO of Mt Pelerin, added: “This live demonstration shows once again that crypto assets and regulatory compliance are compatible through practical solutions, which is one of the key focuses of our tokenisation technology.”
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Image: peshkov - stock.adobe.com 