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Flare Integrates Elliptic’s Crypto Risk Management Solutions to Fortify DApps against Financial Crimes
Flare, a layer 1 EVM blockchain that provides developers with decentralized permission into data from various chains, and the internet, has announced that they are partnering with Elliptic, a global leader in crypto risk management. The collaboration aims to integrate Elliptic’s robust risk management rules into the Flare network to enhance the security and compliance of decentralized applications.
The partnership will allow Flare dApp developers to benefit from Elliptic’s real-time transaction screening and crypto wallet checks. These solutions are important for identifying illicit activities like money laundering, terrorist financing, and sanctions violations across blockchain networks. Specifically, Elliptic’s wallet checks will enable due diligence on crypto wallets associated with Flare dApps before transactions occur. This can help with knowing who you are de
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