Chainalysis has announced the rolling out sanctions screening tools for crypto wallets
The company said the tools will be available for free to ensure the sanctions compliance of crypto wallets.
Software company Chainalysis has rolled out new tools for screening crypto wallets that do not comply with sanctions. The two newly-launched sanctions screening tools will make it easier to detect wallets that are not abiding by laid-down sanctions. With the aim of ensuring regulatory compliance, the new screening tools Chainalysis launched include an on-chain oracle and an application programming interface (API) that connects computers.
Chainalysis stated the unveiling of the new screening tools is in the wake of suggestions that Russia may use crypto to evade sanctions. It is no news that there have been a lot of sanctions imposed on Russia since the country invaded Ukraine. As the US continuously places sanctions on Russia, many countries are doing the same. In addition, several com
