Crystal Partners with BitOasis to Enhance Compliance and Monitoring Capabilities of Leading Virtual Asset Trading Platform in MENA

Crystal Intelligence, a global leader in blockchain analytics, compliance and risk monitoring, is pleased to announce its strategic partnership with BitOasis, the largest regional broker-dealer platform for virtual assets in the Middle East and North Africa. Crystal’s advanced anti-money laundering (AML) and transaction monitoring solutions and hyper-local approach to blockchain analytics will further strengthen BitOasis’ ability to protect its users and ensure robust compliance with relevant laws and regulations.

Since its launch in 2016, BitOasis has remained committed to providing its customers with a safe, secure and regulated opportunity to buy, hold and sell virtual assets in 15 countries across the region. With more than $6 billion in trading volume processed since the platform’s launch, Crystal BitOasis’ technology will provide near-real-time analytics and insights to help prevent fraud, further strengthening the platform’s compliance framework.

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“The UAE, with its progressive regulations, is poised to become the crypto capital of the world. With our expertise in blockchain intelligence, we want to enable licensed companies like BitOasis to keep the platform and their customers safe,” said Navin Gupta, CEO of Crystal. “We are proud to partner with a leading platform in the region and believe BitOasis sets the standard for its focus on building out a robust suite of compliance tools, including Crystal.”

“Crystal offers a unique blend of deep analytical compliance capabilities with an easy-to-use interface that our team can immediately benefit from,” said Ola Doudin, CEO and co-founder of BitOasis. “This partnership underlines our continued commitment to providing a secure trading environment for our users.”

Recently, Crystal announced the opening of its Dubai office with the aim of providing exceptional service to the many partners it has in the region. As the digital assets space evolves, regulation remains a central issue, especially in areas such as anti-money laundering (AML), terrorist financing and financial market stability. This partnership marks an important step forward in aligning regional regulations with deep analytical capabilities, and sets a precedent for future compliance standards in the virtual assets space.

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