Conio taps Chainalysis to enhance Italian crypto provider’s compliance
“Conio thrives to become the Italian champion of digital assets. The collaboration with Chainalysis demonstrates the commitment that we at Conio make every day to being at the forefront, to providing all our customers, private and institutional, with adequate control of all transactions, always focusing on security. We are proud of this collaboration because it again allows us to raise the bar for our entire market.”
Conio, the Italian Bitcoin wallet and digital assets custody provider owned by Poste Italiane and Banca Generali, has partnered with Chainalysis to strengthen compliance and due diligence.
To gain the trust of retail customers as well as banks and financial institutions, Conio tapped the renowned US-based firm specialized in investigating digital asset transactions on the blockchain for regulatory authorities and the most important companies in the sector.
“Conio thrives to become the Italian champion of digital assets.”
By integrating Chainalysis’ transaction monitoring and investigative solutions into Conio’s platform, the company will monitor transactions in real-time, reduce potential exposure to illicit activity including money laundering, and run a comprehensive risk and compliance program without impacting user experience.
Chainalysis is leveraged by government agencies, cryptocurrency businesses, and financial institutions in over 70 countries. Chainalysis’ data power investigative, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely.
Orlando Merone, General Manager of Conio, said: “Conio thrives to become the Italian champion of digital assets. The collaboration with Chainalysis demonstrates the commitment that we at Conio make every day to being at the forefront, to providing all our customers, private and institutional, with adequate control of all transactions, always focusing on security. We are proud of this collaboration because it again allows us to raise the bar for our entire market.”
Michele Santulin, Private Sector Lead Mediterranean Area at Chainalysis, commented: “In an era where building trust is crucial to the growth of the blockchain and digital assets industry, it is imperative for innovators like Conio to leverage the inherent transparency of blockchains and advanced blockchain analysis tools to stay compliant with regulations, maintain brand reputation, and deliver trusted solutions to end users. We are excited to continue working with Conio to do exactly this, and support their mission to safely innovate.”
Conio offers Bitcoin, Ethereum, Cardano, Litecoin, Avalanche, and Algorand
Last month, Conio added new cryptocurrencies to its portfolio that can be bought and sold in this safe and reliable environment. The expansion of the offering comes at a time of significant change for Conio, with Orlando Merone’s appointment as General Manager.
After his experiences at Revolut, Bitpanda, and Circle, Orlando Merone has been appointed head of the Conio Wallet & Custody Unit. His task will be to guide this critical phase of Conio’s consolidation and growth and respond to the different needs of users.
Conio’s enhanced digital asset offering now also includes Ethereum, Cardano, Litecoin, Avalanche, and Algorand.
