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B21 and Coinfirm announce technology partnership

By Rhea
Published 5 months ago

B21 and Coinfirm tackle Anti-Money Laundering Compliance with technology partnership

Gibraltar, May 9, 2018 – Coinfirm, the leading regtech company, and anti-money laundering platform for Blockchain are pleased to announce a partnership with B21, a Personal Wealth Management platform for crypto asset investors. B21 will deploy the Coinfirm technology during its token sale to ensure that B21 is fully compliant with AML regulation. 

Coinfirm is a leading regulatory technology company with an objective to secure the safe adoption and use of blockchain financial transactions, mainly by deploying the Coinfirm AML/CTF Platform. Coinfirm’s platform helps companies to streamline and automate compliance processes and aims to be the global standard for AML, in turn enabling a high level of transparency for cryptocurrency and blockchain based transactions.

Coinfirm’s AML platform will make it possible for B21 to identify funds from risky or illegal sources and assess risks connected to dealing with contributing wallet addresses serving Bitcoin, Bitcoin Cash, and Ethereum.

“Correct AML and transparency is a key for the correct adoption of blockchain based projects, especially in highly regulated sectors. Coinfirm bridges the gap between the traditional economy and the possibilities offered by blockchain and cryptocurrency, raises the effectiveness of counteracting money laundering, brings analysis of the source of funds and solutions that secure the safe use of this new system” said Paweł Kuskowski, CEO and Co-Founder of Coinfirm.

B21 has integrated with Coinfirm so that it will have streamlined access to reports and risk scores for all participants in its token sale, which also launched in private sale on March 28th, 2018.

B21 will use this valuable data to block and refund transactions on those wallets marked as “high risk”. 

“We look forward to working with Coinfirm ensuring B21 leverages the best technology and processes available to us in order to protect our business and customers,” said Miles Paschini, Co-Founder of B21, and goes on to say, “A key differentiator in B21 ‘s business model is a comprehensive regulatory framework and a commitment to transparency to our customers on how we conduct our business.  We aim to bring investment strategies in crypto assets to millions of individuals and thus bring a much-needed liquidity to the market. “ 

About B21 - B21 is a fintech company headquartered in Gibraltar and is the developer of a personal wealth management platform for crypto assets that enables the mass market to invest in crypto assets by creating their own portfolio of cryptocurrencies like Bitcoin, Ethereum, EOS and others. The B21 app enables customers to invest using local fiat currency and has a user-friendly portfolio dashboard, the application also supports recurring investments. Historically managing a portfolio of cryptocurrencies would require a user to open several accounts, manage multiple passwords and have a strong technical knowledge. With B21 you only need a single account to manage all your crypto assets. B21 is founded by industry veterans Miles Paschini, Nitin Agarwal and Simon Pearson and the company is advised by DNA Fund, as well as widely known blockchain investor and chairman of The Bitcoin Foundation, Brock Pierce. 

About Coinfirm - Coinfirm is a recognized leader in their field, ranked among the most influential blockchain and regtech companies and serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. The blockchain agnostic platform benefits companies operating around blockchain as well as major financial institutions, asset management companies and BI companies. www.coinfirm.io

If you would like more information about this topic, please contact B21 at info@b21.io or visit the website at http://www.b21.io

B21’s token and services are not available to citizens and residents of the United States of America and People's Republic of China at this time. The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. This press release is not an offer of advice or securities. 

Check out B21's listing here.