CipherTrace, a leading crypto intelligence company has launched its new compliance solution CipherTrace DeFi Compli that helps decentralized exchanges (DEXs) and DeFi applications to abide by the rules and regulations of the Office of Foreign Assets Control (OFAC). This is a big step towards bringing legitimacy to the fastly evolving DeFi space. The CipherTrace DeFi Compli is basically an Oracle service on the Chainlink blockchain network that makes all the relevant data available easily and directly on-chain for easy and quick integration with the existing DeFi frameworks.
Read more about how CipherTrace is using the Chainlink network to offer compliance solutions for DEX and DeFi Protocol on Coin Gape.
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