Jocata: CoinDCX collaborates with Jocata over anti-money laundering processes

CoinDCX, India's leading crypto company, has announced its partnership with Jocata, a leading B2B FinTech and RegTech platform provider for the BFSI industry, to further strengthen its anti-money laundering (AML) compliance processes. According to an official press release, this partnership will help CoinDCX leverage Jocata's artificial intelligence-based insights to make faster decisions, thus correctly identifying false negatives. According to Chainalysis 2022 Geography of Cryptocurrency Report, India has emerged as the fourth biggest nation in adopting crypto, receiving $172 billion in crypto value from July 2021 to June 2022.