Dash partners with a trading surveillance company to promote adoption and provide regulatory reports.

In order to increase the adoption of cryptocurrency, Dash has partnered with blockchain transaction monitoring company BlockchainIntel. The solution will analyze cryptocurrency transactions based on "potential malicious activities" and conduct address source tracing and risk assessment.

BlockchainIntel believes that blockchain is an indispensable technology for the future. In order to promote the flourishing development of blockchain, the company is dedicated to reducing fraud and criminal activities, helping users detect any suspicious behavior of their transaction counterparts.

Dash will assist BlockchainIntel in legitimizing the regulation of exchanges and other businesses to increase integration opportunities. The company will provide services such as transaction monitoring and risk assessment for exchanges.

Ryan Taylor, CEO of Dash Core Group, stated that with more exchanges participating in this partnership, including integration opportunities offered by the eToroX platform, he expressed:

We are excited that our partner, BlockchainIntel, can provide transaction monitoring reports to prevent money laundering and fraud. Platforms like eToroX can list Dash now because they can access the information required by regulatory authorities through BlockchainIntel.

According to a report, the CEO of BlockchainIntel believes that blockchain and risk assessment analysis tools are key to the widespread adoption of cryptocurrencies. The company will provide users with data before transactions and will not involve user privacy.

Over the past year, Dash's performance in the market has grown, with increasing adoption rates in the crypto community and growing interest from the public. Additionally, Dash has noted its increasing popularity in Thailand over the past year, with at least 100 transactions per month in cities like Bangkok, Phuket, and others. Dash's official travel partner, Travala, is also benefiting from the growing demand for cryptocurrencies.

Dash was originally based on Bitcoin, aiming to be a scalable payment system and also the pioneer of masternodes. According to data from the platform Stakingrewards, the staking annual return rate is 6.38%, ranking 17th.

Related Reading

• Indian Finance Minister: India has not officially banned cryptocurrencies
• Percentage of unmoved Bitcoin reaches historical high of 21.6%

Join now to get the most comprehensive information on fintech, blockchain insights, and industry examples!