Chainalysis, a large global cryptocurrency analyst, is expanding its presence worldwide to cover more jurisdictions for its cryptocurrency surveys.

On September 27, the company announced that while providing services to federal agencies such as the IRS and the FBI, Chainalysis is opening new offices in Singapore and Tokyo to better serve clients in the Asia-Pacific region.

With two new offices, Chainalysis has redoubled its commitment to provide full support to local cryptocurrency companies, government agencies, and financial institutions. According to a company spokesperson, the new offices will serve as centers for sales, professional investigation services, and training. Ulysses Del Orto, CEO of APAC at Chainalysis, will move to Singapore to lead a new business as CEO of APAC.

Chainalysis announced the news on Twitter and highlighted that the new offices in the Asia Pacific region will be a significant place for local crypto surveys. Apparently, the company intends to investigate the $ 200 million hack of the KuCoin cryptocurrency exchange, which is reportedly headquartered in Singapore. Chainalysis Twitter:

KuCoin Hack is another example of cryptocurrency, police, and financial institutions around the world that need investigation and compliance tools. We are excited to announce the opening of new offices in Singapore and Tokyo to better serve clients in the Asia Pacific region. ”
As Cointelegraph previously reported, in 2018 KuCoin announced its headquarters in Singapore. However, KuCoin is not licensed in Singapore and has not submitted documents to the Monetary Authority of Singapore, and it is required to operate legally in the country. It remains unclear where KuCoin is actually based. KuCoin’s profile states that he is “operating in the Seychelles”.

Chainalysis did not immediately respond to Cointelegraph’s press request. This article will be updated in anticipation of new information from the company.

Source: CoinTelegraph

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