In a strategic move to enhance compliance and security in the ever-evolving digital assets landscape, Crystal Intelligence is excited to announce its partnership with BitOasis, the largest regional virtual assets trading platform in the Middle East and North Africa (MENA). This collaboration brings together Crystal’s advanced blockchain analytics and anti-money laundering (AML) solutions with BitOasis’ industry-leading platform, setting a new standard for compliance and security in the region.
A pioneer in the MENA crypto ecosystem
Since its inception in 2016, BitOasis has emerged as a pioneer in the MENA cryptocurrency space, providing a safe, secure, and regulated platform for buying, holding, and selling virtual assets across 15 countries. With over $6 billion processed in trading volume to date, BitOasis has remained steadfast in its commitment to safeguarding its users while adhering to the highest regulatory standards.
Now, with Crystal’s cutting-edge AML and transaction monitoring technology, BitOasis will have access to real-time insights and analytics designed to prevent fraud and ensure compliance with regional regulations. This strategic partnership will further solidify BitOasis’ position as a trusted leader in the virtual assets space.
Empowering compliance in the crypto capital of the world
The UAE has rapidly positioned itself as a global hub for digital assets, thanks to its progressive regulatory framework.
As Navin Gupta, CEO of Crystal Intelligence, notes, “The UAE, with its forward-thinking approach, is poised to become the Crypto Capital of the world. With our blockchain intelligence expertise, we are proud to empower licensed firms like BitOasis to keep their platform and users safe.”
By integrating Crystal’s blockchain intelligence capabilities, BitOasis will not only bolster its compliance framework but also lead the way in establishing best practices for crypto regulations in the region. The partnership underscores the importance of aligning technological innovation with robust regulatory standards, ensuring that the growth of the digital assets space is both secure and sustainable.
Enhancing security for BitOasis users
BitOasis is committed to providing a secure trading environment for its users, a mission that is further strengthened by its collaboration with Crystal. Stanford Cardoz, AML Director at BitOasis, emphasises the impact of this partnership: “Crystal brings a unique mix of deep analytical compliance capabilities with a user-friendly interface that our team can immediately benefit from. This collaboration underscores our continued commitment to providing a secure and safe trading environment for our users.”
With the increasing complexity of the virtual assets landscape, ensuring compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations is essential. Crystal’s technology will provide BitOasis with near real-time analytics and monitoring, allowing the platform to detect and prevent suspicious activities more effectively, ultimately creating a safer experience for its growing user base.
Crystal’s growing presence in MENA
This partnership with BitOasis comes on the heels of Crystal’s recent announcement of opening a new office in Dubai, highlighting its commitment to serving the MENA region. As regulations continue to evolve in this fast-paced sector, Crystal aims to provide its partners with the tools they need to stay ahead of compliance challenges.
The collaboration with BitOasis is a significant step forward in aligning Crystal’s deep analytical capabilities with the region’s regulatory needs, helping to set a new precedent for compliance and security in the virtual assets space.
A future of safe and secure digital asset trading
As the digital assets industry continues to expand across the globe, partnerships like the one between Crystal and BitOasis are crucial in ensuring that regulatory compliance keeps pace with innovation. By leveraging Crystal’s powerful blockchain intelligence tools, BitOasis can provide its users with the security and confidence they need to navigate the cryptocurrency market.
This partnership not only enhances BitOasis’ existing compliance infrastructure but also signals a broader shift toward more transparent and secure digital asset trading in the MENA region.
Navin Gupta stated, “We’re proud to be partnering with BitOasis and believe that together, we’re setting the standard for compliance in the crypto space, ensuring a safer, more secure future for all.”
