Business
BIG Blockchain Intelligence Group Inc. signs Canadian Bitcoins to annual BitRank and QLUE contract to provide End To End Compliance And Risk-Scoring Solution
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2019) - BIG Blockchain Intelligen...
About this update from Bigg Digital Assets Inc.
[{"type":"text","content":"BIG Blockchain Intelligence Group Inc. signs Canadian Bitcoins to annual BitRank and QLUE contract to provide End To End Compliance And Risk-Scoring SolutionVancouver, British Columbia--(Newsfile Corp. - August 26, 2019) - BIG Blockchain Intelligence Group Inc. (CSE: BIGG) (OTC Pink: BBKCF) (WKN: A2JSKG) (\"BIG\" or the \"Company\"), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that Canadian Bitcoins, located in Ottawa, Canada, has integrated BitRank Verified(R) into their crypto exchange software and signed an annual contract.BIG's transaction risk-scoring BitRank Verified(R) service will enable Canadian Bitcoins to:reduce the trading risk exposure related to cryptocurrencies;increase confidence in meeting regulatory compliance;stop the flow of coins tied to Dark Web activity;increase security through Anti-Money Laundering (AML) efforts;deliver transparency regarding the legitimacy of transactions;create a deterrence against criminal elements that may engage in illicit activity; and,provide assurance to their customers that measures are in place to strongly curtail illicit transactions or reduce the amount of illicit funds that could have otherwise transacted.Canadian Bitcoins, as part of the contract, will also utilize BIG's QLUETM cryptocurrency investigation platform. When BitRank Verified(R) flags questionable or illegitimate transactions, QLUETM (Qualitative Law Enforcement Unified Edge) is used to perform due diligence and blockchain security investigations at greater forensic depth by exploring where the related funds are coming from and the security profiles of the entities involved. \"We are excited to add this additional tool to our arsenal,\" said Canadian Bitcoins CEO James Grant. \"Our company has always strived to reach the highest standards in compliance and anti-money laundering and to prevent any illicit funds from flowing through our platform.\"BIG CEO Mark Binns commented, \"We are thrilled to welcome Canadian Bitcoins to our global customer list as they make a commitment to provide their end customers with the highest level of security and confidence while trading and investing in cryptocurrency.\"On behalf of the Board,Shone AnsteyExecutive ChairmanAbout BIG Blockchain Intelligence Group Inc.BIG Blockchain Intelligence Group Inc. (BIG...