T1: Foreign Cryptocurrency Transaction Analysis Tool

2023: Launch of the "Ink" solution

Holding T1 on November 8, 2023 announced the launch of a solution for monitoring cryptocurrency operations "Ink."

"Inch" is a product for tracking chains of cryptocurrency transactions. It allows you to determine market participants and their counterparties, identify the details of cryptocurrency exchange offices, and also conduct investigations into the movement of funds. The solution was developed for divisions that monitor fiat transactions related to the turnover of assets in the banking sector.

The tool allows you to check transactions for legalization of illegal income. Employees of compliance departments of banks have the ability to determine the type of transaction and the profile of an individual, for example, a crypto investor who benefits, investigate the entire chain of cryptocurrency movement from the moment of purchase and identify the passage through unscrupulous providers virtual assets, such as shadow marketplaces or exchangers. One of the key possibilities of the solution is to check the legality of cross-border transfers. Under international restrictions, the development will help identify high-risk cryptocurrency and block its movement to another. state The decision contributes to the implementation of methodological recommendations Bank of Russia No. 16-MR on increasing the attention of credit institutions to individual customer transactions.

The demand of Russians for transactions in cryptocurrency is growing: the number of users of such digital assets as early as November 2023 exceeds 14 million people. At the same time, the number of criminal schemes is also increasing: more than half of the financial pyramids in 2022 used cryptocurrency. We have developed a domestic solution for analyzing and regulating such operations and are confident that it will benefit the state, business and society, in particular, will help maintain financial stability and security. economies Especially relevant "Ink" becomes in the conditions of sanctions restrictions, when cryptocurrency is one of the methods of international settlements. The decision covers 90% of the total cryptocurrency market, tracks the movement of more than 30 cryptocurrencies, and this is a promising development that will be in demand in the financial market, - commented, Alexey Fetisov CEO of T1 Holding.