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Barclays signs compliance deal with Bitcoin company

Thursday 15 October 2015 00:27 CET | News

UK bank Barclays has signed contracts with eight graduates of its New York-based FinTech accelerator program on applications using blockchain technology.

The startups graduating the 13-week program included Bitcoin compliance firm Chainalysis and accounting startup Wave, which will embark on the initiatives.

Barclays indicated it would partner with Chainalysis to allow its financial crime and transaction monitoring teams to obtain the necessary information to transact with Bitcoin companies.

As part of the program, Barclays provides non-monetary support to startups, while startup incubator TechStars takes 6% equity in each member of its cohort.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, blockchain, banking, Barclays
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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