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

Regulated Canadian crypto trading platform Bitbuy deploying Eventus for trade surveillance


Eventus Methods, a supplier of multi-asset class commerce surveillance and market threat options, introduced in the present day that Bitbuy, a Canadian-based cryptocurrency buying and selling platform (not too long ago accredited as a regulated market) might 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 via its platform, Bitbuy can also be the primary group that’s each a registered digital asset market and a restricted supplier for Canadians to spend money on cryptocurrency property. 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 yr, 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 contributors inside their markets. The usage of Validus vastly expands Bitbuy’s capabilities to meet its regulatory necessities and supplies the mandatory infrastructure to accommodate future progress. Bitbuy introduced its approval as a regulated market in early December.

“Once we reviewed the Eventus resolution, mixed with our new regulatory necessities, we knew we had discovered a long-term surveillance companion.  Eventus offered superior advisory providers all through the onboarding course of, given their industry-specific data discovered from working with main international digital asset exchanges, and a workforce who’ve spent their complete careers in commerce surveillance and monetary markets. They completely understood Bitbuy’s necessities and regional regulatory wants, making it extremely easy for our workforce to go dwell. Our regulatory necessities are constructed into their software, with the power 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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