Money Laundering Check Comes to Crypto From Chainalysis (1)

Money laundering can be tough to spot in cryptocurrencies because it’s easy to transform one coin into another and transfer them on unregulated exchanges around the globe. A company called Chainalysis thinks it’s solved the problem for stablecoins, which are used as digital stand-ins for traditional currencies.

Tether is the biggest at about $2 billion in value, but dozens of other stablecoins have popped up in the past year, pitched to consumers and merchants as less volatile alternatives to Bitcoin and Ether. The lack of wild price swings could make them more appealing for commerce. The new Chainalysis product tracks ...