WazirX Partners With TRM Labs to Launch Crypto Compliance Platform

  • TRM Labs will provide WazirX with tools for wallet screening, transaction monitoring, and investigation.
  • The Indian exchange has seen a surge in user demand as banking restrictions on crypto companies have loosened.
Wazirx logo on phone screen


According to a WazirX press release from 1 July, the collaboration with TRM will enhance the anti-money laundering and anti-fraud measures on the WazirX exchange. TRM Labs provides a platform for crypto compliance and risk management, including tools for wallet screening, transaction monitoring and investigations. The platform also provides one of the most extensive coverages in the industry, with its monitoring capability spanning over 20 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Cardano, and Dogecoin.

WazirX’s collaboration with TRM is a result of a surge in cryptocurrency usage India has seen in the past several months. The Supreme Court’s loosening restrictions on providing banking services to cryptocurrency businesses have led to a significant increase in trading volume on Indian exchanges, including WazirX.

“Ensuring that our operations are secure and compliant with global regulatory requirements is critical to our success; at the same time, we want to meet our customers’ expectations for fast, seamless transactions,” said Nischal Shetty, the founder and CEO of WazirX. “TRM’s platform helps us achieve this balance with an anti-money laundering solution that’s easy for large compliance teams to use, but also underpinned by best-in-class blockchain analytics.”

Esteban Castano, the CEO of TRM Labs, said that their platform was designed for forward-thinking businesses like WazirX that need to move quickly to meet high regulatory standards and consumer demand.

Related Coverage
Scorechain Launches Risk-AML Solution For Tezos
  • The new 360° AML risk management solution enables Scorechain users to safely track the details of each Tezos transaction.
  • Customers can also benefit from a one-month free trial of Scorechain Tezos Analytics during this summer.
July 22, 2020, 10:37 PM
Scorechain founder and CEO Pierre Gerrard

Scorechain founder and CEO Pierre Gerrard.

Binance Is Reviving Bounty Programs To Hype Up WazirX’s IEO
  • Binance has assigned five specific tasks to interested users, completing three or more will result in a reward paid out in WazirX tokens (WRX)
  • The bounty program will be used to advertise the WazirX IEO, Binance Futures, BUSD, Binance Coin and Binance’s fiat gateway.
Binance Announces Its First IEO of 2020
  • This time the exchange will sell native tokens for a recent acquisition – an Indian fiat gateway.
  • The familiar ticket system will be used, and BNB balances are already being recorded.