U.S. Government agencies paid more than $6M for blockchain analysis; led by IRS, ICE and FBI

The blockchain analysis space is heating up. The demand for blockchain analysis firms has been growing sharply as they are becoming absolutely necessary in order for businesses dealing with cryptocurrencies to remain compliant with strict AML and KYC obligations.

The blockchain analysis firms practice the data sharing model where they collect the transactional data from all the businesses they work with. This also means that the more clients they service, the better, or rather the more precise, their product gets. The tools can then fairly accurately score each transaction and asses the corresponding risk.