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OK Group, a blockchain technology company Formerly the driving force behind the cryptocurrency exchange OKEx, Will begin to cooperate with the Chinese authorities to use blockchain technology to combat money laundering activities.
OKLink, the company’s settlement subsidiary, has reached a partnership with Nanjing Public Security Research Institute to apply blockchain technology to anti-money laundering purposes.
The institute Announce The partnership will include in-depth cooperation with OKLink to promote the integration of blockchain technology to improve public safety and social governance. As part of the agreement, the two parties will set up a research laboratory to explore and implement compliance strategies and systems for on-chain data analysis to combat illegal financial activities.
According to the announcement, OKLink and Nanjing Public Security Research Institute also agreed to further deepen cooperation in the blockchain industry.
related: Chinese government agency releases blockchain development roadmap
Chinese crypto reporter Colin Wu Say Chinese authorities are increasingly collaborating with local cryptocurrency leaders. “To some extent, combating fraudulent projects involving cryptocurrencies can help local police earn income, so they are also very active,” he added.
This news came on the occasion of China’s major crackdown on the cryptocurrency industry, as local authorities have already Restrict crypto trading activities And in recent months the operation of the country’s main cryptocurrency mining center has been suspended.
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