Moonerium cooperates with Blockchain analysis company Elliptic to increase compliance and real-time monitoring for his Eure Stablecoin.
Meter, the Eure Stablecoin issuer, works together with the British blockchain -forensic company Elliptic to strengthen its compliance systems and manage regulatory risks as it expands services in blockchain networks.
In a press release that is shared with crypto.news, Monerium said that the move corresponds to his efforts to use more requirement after his recent license inspection of the license for virtual assets service provider. To support this growth, the company will use Elliptic’s lens, researcher and navigator aids for automated anti-money laundering screening, real-time monitoring and cross-chain research, is the press release.
Gísli Kristjánsson, co-founder and CEO of Moonerium, said that Elliptic’s technology offers the Stablecoin emittent with the tools “to reduce risks, to improve compliance and improve interoperability in multiple blockchain networks, improving trust and security to our customers.”
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Minerium claims that it has processed more than € 4 billion in transaction volume and claims that Eure is the most used Stablecoin in Europe in that measure. At Elliptic it is expected that the new compliance tools can help monerium to reduce manual checks by a maximum of 60%.
Elliptical CTO Jackson Hull that commented on the partnership said that the monerium will now be equipped to manage operational obstacles, including the scalability of the compliance, identifying fraudulent activity and maintaining transparency while user data is protected. “
Eure is supported by euro-mixed deposits and connected to the SEPA system, making Euro transfers between blockchain portfolios and traditional bank accounts possible. From the moment of the press, the Stablecoin is available on Ethereum, Polygon, Gnosis, Cosmos and Noble Networks.
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