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Regulated Canadian crypto buying and selling platform Bitbuy deploying Eventus for commerce surveillance » CryptoNinjas

Written by James Smith

Eventus Techniques, a supplier of multi-asset class commerce surveillance and market danger options, introduced in the present day that Bitbuy, a Canadian-based cryptocurrency trading platform (not too long ago accredited as a regulated market) will likely be utilizing the Eventus Validus platform to fulfill all of its commerce surveillance wants.

With greater than 375,000 customers and $4.4 billion transacted by way of its platform, Bitbuy can also be the primary group that’s each a registered digital asset market and a restricted vendor for Canadians to put money into cryptocurrency belongings. Its compliance division is utilizing Validus to assist guarantee its market operates with integrity, monitoring shopper buying and selling habits and figuring out any doubtlessly problematic exercise that requires additional investigation.

Early final 12 months, Canadian regulators launched a brand new regulatory framework for cryptocurrency buying and selling platforms that included a requirement for platforms that run a market to surveil individuals inside their markets. Using Validus vastly expands Bitbuy’s capabilities to meet its regulatory necessities and offers the required infrastructure to accommodate future development. Bitbuy introduced its approval as a regulated market in early December.

“After we reviewed the Eventus resolution, mixed with our new regulatory necessities, we knew we had discovered a long-term surveillance accomplice.  Eventus supplied superior advisory companies all through the onboarding course of, given their industry-specific data discovered from working with main international digital asset exchanges, and a staff who’ve spent their complete careers in commerce surveillance and monetary markets. They totally understood Bitbuy’s necessities and regional regulatory wants, making it extremely easy for our staff to go dwell. Our regulatory necessities are constructed into their instrument, with the flexibility so as to add extra capabilities and options because the panorama evolves, in addition to scale to fulfill the wants of Bitbuy’s fast-growing market.”
– Michael Arbus, Bitbuy CEO


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James Smith

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