BIGG Digital Assets Inc, owner of Blockchain Intelligence Group (blockchaingroup.io), the crypto insights company, is pleased to share an update on Q2 business expansion milestones.
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Blockchain Intelligence Group renewed its annual contract with a global crypto payments company for US $270K. The crypto payments company serves more than 100K retailers globally with real-time payments. It will continue using tools in Blockchain Intelligence Group’s crypto insights ecosystem: QLUE™ for investigations and BitRank Verified® for automated risk monitoring.
Blockchain Intelligence Group also launched partnerships with two South Korean firms for market entry. The objective is to provide leading blockchain investigation support and automated risk monitoring to South Korean law enforcement and financial services. Blockchain Intelligence Group’s Director of APAC will lead training sessions for 100+ law enforcement officers in September.
Blockchain Intelligence Group successfully tested interoperability with Travel Rule provider 21 Analytics. TRP is an open, decentralized, and collaborative Travel Rule protocol by OpenVASP Association. TRP helps Compliance meet FATF’s Travel Rule Recommendations for Virtual Asset Service Providers.
“Blockchain Intelligence Group helps clients get maximum business value from digital assets and the blockchain,” says Lance Morginn, president, Blockchain Intelligence Group. “From a major contract renewal to market entry in S. Korea, our team continues to deliver on our global expansion plans.”
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QLUE™ produces transaction-to-transaction crypto investigation analysis and threat intelligence for compliance, AML, fraud prevention, and law enforcement. QLUE™ is used by Fortune 500 banks and dozens of law enforcement organizations globally.
BitRank Verified® automates crypto risk monitoring to meet compliance requirements for banks, payment providers, crypto exchanges, crypto ATMs, and more. BitRank Verified® integrates with existing compliance systems seamlessly and reduces trading risk exposure related to cryptocurrencies.
Also, pursuant to the Company’s stock option plan and subject to regulatory approval, it has granted stock options to its directors, officers, employees and consultants to purchase an aggregate 850,000 common shares in the capital of the Company at an exercise price of $0.45 per common share for a period of five years. The stock options will be subject to vesting requirements over a period of up to 24 months. The securities represented by this grant will be subject to a four-month hold period.
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