In recent developments, the popular Nigerian crypto investigation firm: A&D Forensics has joined the Crypto Market Integrity Coalition (CMIC), a leading global crypto industry alliance.
For context, A&D Forensics is the first African crypto firm to be a member of this prestigious alliance, joining the likes of Circle, Solidus Labs, Coinbase, etc.
Accordingly, this move highlights the company’s commitment to facilitating the security and integrity of the crypto and blockchain industry in Nigeria and Africa.
This development aligns with CMIC’s goal of upholding the international standard for security and regulatory compliance in different regions. As stated by the global alliance, “The Crypto Market Integrity Coalition brings together market participants in the digital asset space who are committed to enabling a safe and sensibly-regulated crypto ecosystem.”
Consequently, A&D Forensics will collaborate with other key industry players to implement ethical measures while combating market manipulation and other fraudulent practices in the crypto space.
By pooling resources with other members of the CMIC, the crypto firm will provide practical solutions to issues like cybercrimes, security breaches, crypto fraud, etc. “CMIC members recognize that instances of fraud and manipulation are illegal, and commit to preventing these activities to the best of their ability,” said the CMIC.
About A&D Forensics
The Nigerian-based firm offers “financial fraud mitigation and blockchain intelligence services“. Notably, A&D Forensics provides blockchain analytic services for government agencies, exchanges and other financial institutions.
The company organizes seminars and workshops and makes appearances at conferences and crypto conventions to lecture on cyber security measures and asset protection practices.
As Africa is a blossoming crypto market on a global stage, the firm through its recent connection with CMIC will provide crypto investigation services, expertise on compliance with Anti-Money Laundering (AML) and other international laws, etc.
Consequently, this will enhance transparency and safety in the African crypto market and beyond.