Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury.
The Ministry for Digital Transformation of Ukraine, a major government authority behind local crypto regulation, will be implementing Bitfury’s crypto analytics tool to track crypto transactions.
As officially announced on July 23, the Ministry has signed an agreement with Birfury’s crypto compliance product known as Crystal.
Bitfury’s Crystal to provide crypto analytics expertise to the Ukraininan government
Launched by Bitfury in early 2018, Crystal is a software stack that is designed to fight crimes involving cryptocurrencies like Bitcoin (BTC).
Crystal employees will now provide the Ministry with crypto analytics expertise, Crystal elaborated on its website.