Binance Coin (BNB) Added to CipherTrace Tracking Service

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Binance attempts to expand its credibility, this time by partnering with CipherTrace, the company specializing in blockchain forensics. The startup, which offers services for Bitcoin (BTC) and multiple altcoins and tokens will specifically provide information on Binance Chain and the native Binance Coin (BNB) asset.Until now, crypto exchanges only had to monitor for money laundering in handling fiat. The exchanges may have to report the asset transfers themselves and track their origin, most probably from the summer of 2020. Based on requirements of the Financial Action Task Force (FATF), exchanges may have to also hold information on the origin of crypto funds. Coin (BNB) has been subdued in the past days, trading below $20 and on volumes around $200 to $300 million in 24 hours. BNB is no longer a highly active altcoin, but still manages to keep its positions.CipherTrace has the capability of tracking as much as 700 blockchains…

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