Ethereum Classic Labs Partners with Chainalysis

Offering Automated Transaction Monitoring and Training Certifications at a Reduced Rate to ETC Labs Startups

Part of our mission at ETC labs is to address fundamental challenges in developing and deploying blockchain technology and to continuously bring resources and solutions to the blockchain ecosystem. To make good on that promise, this year we’ve partnered with OpenGSN to significantly lower gas cost on ETC, ChainSafe on the development of Chainbridge, and worked with Gitcoin on several bounties as a part of NYBW.

Now, through our partnership with Chainalysis, we’re offering Chainalysis KYT (Know Your Transaction) an automated transaction monitoring solution, and training certifications platform at a reduced rate to our accelerator startups. Chainalysis KYT combines industry-leading blockchain intelligence, an easy-to-use interface, and a real-time API to reduce manual workflows while helping cryptocurrency businesses comply with local and global regulations. Special for this partnership, Chainalysis will also offer the ETC Labs startups, projects, and grantees access to Chainalysis subject matter experts on compliance and regulation to help companies and projects scope their requirements.

“Compliance is critical for many cryptocurrency businesses, particularly those offering some form of exchange, custody, or other money services. But cryptocurrency compliance is complex, and it’s often a barrier to entry for founders starting a cryptocurrency business,” said Jason Bonds, CRO at Chainalysis.

“This partnership reflects a necessary resource and is a natural progression for our companies building on ETC; leveling the playing field for early-stage startups to successfully and responsibly build their companies while staying informed,” said James Wo, Founder and Chairman of ETC Labs.

With Chainalysis you can:

• Automate Compliance and Reporting.
• Easily integrate with Chainalysis KYT via an API and immediately start monitoring large volumes of activity and identify high-risk transactions in real-time across Ethereum Classic and other top cryptocurrencies.
• Conduct periodic reviews of your user base knowing that the latest data is seamlessly and automatically included.
• Chainalysis KYT is a cryptocurrency transaction monitoring software that detects high-risk activity from OFAC sanctioned addresses and darknet markets, to scams and anomalous transactions.

The reduced rate for Chainalysis’ KYT technology is available to startups and projects coming through the ETC Labs accelerator and all portfolio companies. For your initial compliance consultation feel free to reach out to Alex at alex@chainalysis.com. For more information on ETC Labs and its accelerator program, contact Kelsey at kelsey.r@etclabs.org.

About Chainalysis

Chainalysis is the blockchain analysis company providing data and analysis to government agencies, exchanges, and financial institutions across 40+ countries. Our investigation and compliance tools, education, and support create transparency across blockchains so our customers can engage confidently with cryptocurrency. Backed by Accel, Benchmark, and other leading names in venture capital, Chainalysis builds trust in blockchains. For more information, visit chainalysis.com.

About Ethereum Classic Labs (ETC Labs)

The mission of ETC Labs is to build relevant, accessible, and high-quality technology, and to use that technology to create communities of value in a mature and regulated ecosystem. The ultimate goal is to fulfill the promise of blockchain to improve people’s lives using Ethereum Classic, one of the world’s major public blockchains. The ETC Labs team of experts also fosters partnerships with organizations and institutions in order to address fundamental challenges in developing and deploying this innovative technology. We fulfill the mission in three ways: the ETC Labs Accelerator, which invests in up to 25 blockchain projects annually that contribute to sustaining a robust ecosystem; strategic investments in innovative projects focused on economic and social development; and the Core Team, a team of experts and developers who maintain the Ethereum Classic blockchain and build key applications, solutions, and tools. For more information visit, https://etclabs.org/