NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Chainalysis and Nets to Help Banks Validate Bitcoin Transactions

Gautham
Gautham
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The mainstream banking and financial industry has been apprehensive about extending support for Bitcoin and other cryptocurrencies due to their independent and pseudonymous nature., The mainstream financial sector is bound by various rules, regulations and compliance requirements that make it hard for them to venture out of the purview of fiat currency. But with the new alliance between Chainalysis — a blockchain analysis firm and Nets- a Denmark-based payments provider may change that.

According to media reports, both Nets and Chainalysis are working together to create a solution that helps banks validate cryptocurrency transactions, in accordance with the necessary compliance requirements. The solution, once implemented might open the doors of Nordic banks to Bitcoin payments and operations while ensuring compliance with the existing regulations. The collaborative effort can potentially benefit over 240 financial institutions in the Nordic region to whom Nets already provides payment services.

The CEO of Chainalysis, Michael Gronager explained the use of its cryptocurrency security solution by saying,

“We can make risk assessments and analyze blockchain activities… And banks are interested in being able to risk-score customers, so they do not end up being used for money laundering …. If a bank’s customer is a risk, the financial institution can choose to send a ‘suspicious transfer report’ to the authorities, which can use our tools to trace and identify the customer.”

Chainalysis is not new to the legal and regulatory environment in Europe as the company has been offering its services to Europol for some time now. The company is responsible for linking digital identities to cryptocurrencies to assist various investigations. The increased focus on cryptocurrency/blockchain security and analysis in Denmark has made it possible for Chainalysis and Nets to extend the high-tech crime-fighting capabilities of the regional organizations further. The head of fraud division at Nets, Kati Rintala said,

“An increasing number of our customers among the Nordic banks have asked for an effective tool to help them comply with legislation.”

Once the technology is implemented, banks will find dealing with Bitcoin as simple and easy as handling cash and other financial instruments that are currently in circulation.

Ref: Pymnts | Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Septembrie

Perspectivele pieței cripto în septembrie 2025

Bitcoin rămâne în centrul atenției pieței cripto, oscilând între episoade de instabilitate și așteptările unei noi etape de creștere. În...

antonio 2 hours ago
dogecoin-resistance-ema-hashrate-record

Dogecoin : test de la résistance EMA à 0,22 $ et un hashrate en plein record

En août 2025, Dogecoin retrouve de l’intensité. Celle qui lui manquait ces derniers temps. Le token se stabilise autour de...

guillaumev 4 hours ago
Analist waarschuwt: XRP ETF's kunnen mislukken - Wall Street reuzen blijven weg

Analist waarschuwt: XRP ETF’s kunnen mislukken – Wall Street reuzen blijven weg

De verwachting rond een mogelijke Ripple ETF zorgt voor verdeeldheid in de markt. Waar sommigen roepen dat een XRP ETF...

Lars Diederiksen 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Shiba Inu

Scam Tokens Prompt Shiba Inu Team To Issue Emergency Alert – Details

Christian Encila 29 minutes ago
Dogecoin

Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

Scott Matherson 1 hour ago
Ethereum

Ethereum Over Bitcoin? Matt Hougan Says Institutions Sometimes Start With ETH

Godspower Owie 2 hours ago

Premium Sponsors

Press Releases

  • Артър Хейс разкрива топ 3 алткойна с потенциал за 100× до 2028 г.

    Артър Хейс разкрива топ 3...

    7 minutes ago
  • Ďalší 100× memecoin v predpredaji? PEPENODE môže v roku 2025 zatieniť Pepe

    Ďalší 100× memecoin v predpredaji? PEPENODE môže v...

    21 minutes ago
  • Arthur Hayes odhaľuje top 3 altcoiny s potenciálom 100× do roku 2028

    Arthur Hayes odhaľuje top 3 altcoiny s potenciálom 100×...

    39 minutes ago
  • Tieto 3 altcoiny explodujú v tejto sezóne – Bitcoin Hyper, Maxi Doge a WEPE môžu byť ďalšími „továrňami na milionárov“

    Tieto 3 altcoiny explodujú v tejto sezóne – Bitcoin...

    56 minutes ago
  • Następny Meme Coin 100x w Przedsprzedaży? PEPENODE może przyćmić Pepe w 2025 roku

    Następny Meme Coin 100x w Przedsprzedaży? PEPENODE może...

    57 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.