Binance Partners With IdentityMind for Enhanced Compliance and Security

So, obviously, IdentityMind isn’t new to the crypto industry. In 2015, the company introduced a service to help companies remain in accordance with New York State’s BitLicense framework. Not a lot of organizations ever received approval from New York State to run under the terms of both BitLicense, but also the framework, which remains in place today, was nevertheless vital as an early attempt by government authorities to govern Bitcoin and other cryptocurrencies.
By Dealing with IdentityMind to provide much better safety and compliance options, Binance seems eager to set itself apart from other trades and supply assurance to customers concerned about fraud or theft.
It’s but one of several companies within the portfolio of Medici Ventures, a subsidiary of which invests in blockchain-focused companies.

The company’s platform works by monitoring financial transactions and assessing the electronic identities of users to identify behaviors or characteristics which could signal a fiscal fraud or compliance problem. It also helps customers evaluate the fiscal reputations and reliability of organizations they want to work with.