London-based Elliptic, MaiCoin, and MAX Exchange collaborate to strengthen AML capabilities in Taiwan.

Elliptic, a global leader in cryptoasset risk management, has announced a partnership with MaiCoin and MAX Exchange, both integral platforms of the MaiCoin Group in Taiwan. This collaboration aligns with MaiCoin Group’s commitment to advancing digital assets and providing secure and diversified services to its clients. MaiCoin and MAX Exchange will leverage Elliptic’s tools, including Elliptic Lens, Navigator, and Investigator, which are powered by the company’s flagship cross-chain and cross-asset Holistic Screening technology. These tools will enable the platforms to trace wallet and transaction risks, as well as perform in-depth investigations when necessary. With access to their own data sources and Elliptic’s intelligence system, MaiCoin and MAX Exchange will enhance their efforts to combat money laundering crimes in Taiwan.

Elliptic’s solutions offer numerous benefits, including coverage of over 500 crypto-assets and more than 100 billion data points. This wealth of data provides accurate and actionable insights that help customers mitigate risks and ensure compliance. The company is trusted by major financial institutions and exchanges worldwide, aiding them not only in meeting regulatory requirements but also achieving unprecedented efficiency gains in compliance.

MaiCoin Group’s Founder and CEO, Alex Liu, stated that compliance and the security of users’ assets are top priorities for MaiCoin and MAX Exchange. By partnering with Elliptic, they gain access to comprehensive asset coverage and in-depth data intelligence, reducing the number of false positives and enabling efficient scaling of their business.

James Smith, Co-founder of Elliptic, expressed pride in partnering with MaiCoin Group, which operates Taiwan’s largest cryptocurrency exchange. Elliptic aims to support MaiCoin in efficiently defending against crypto financial crimes as the company scales.

As a pioneer in blockchain analytics, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes. The company has been recognized as a WEF Technology Pioneer and has prominent investors such as J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures. Headquartered in London, Elliptic also has offices in New York, Singapore, and Tokyo.

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