skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration

Introduction

Existing systems are ill-suited to identifying the risks associated with processing cryptocurrencies, making it hard for regulated financial institutions to handle transactions involving Bitcoin.

Highlights

  • Although most cryptocurrency transactions are legitimate, the pseudonymous nature of Bitcoin makes it challenging for regulated FIs to handle transactions involving it, even indirectly, as there is a risk that the funds originate from an illicit source.

Features and Benefits

  • This report looks at how handling Bitcoin conflicts with institutions' KYC/AML obligations and the problems involved in overcoming them.
  • Learn how the combination of the two companies’ technologies promises to mitigate the risks of handling Bitcoin.

Key questions answered

  • Why are changing regulatory requirements making Bitcoin a compliance issue even if an institution is not handling it directly?
  • How does the LexisNexis/Elliptic solution overcome these problems?

Table of contents

Summary

  • Catalyst
  • Key messages
  • Ovum view

Recommendations for enterprises

  • Why put LexisNexis/Elliptic on your radar?

Highlights

  • Future enhancements
  • Background

Data sheet

  • Key facts

Appendix

  • On the Radar
  • Author

Recommended Articles

;

Have any questions? Speak to a Specialist

Europe, Middle East & Africa team: +44 7771 980316


Asia-Pacific team: +61 (0)3 960 16700

US team: +1 212-652-5335

Email us at ClientServices@ovum.com

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Email us at pr@ovum.com

Contact marketing - 
marketingdepartment@ovum.com

Already an Ovum client? Login to the Knowledge Center now