AMLBot and PureFi are well-known organizations in the crypto sphere that specialize in crypto AML/KYC compliance and security. In this exclusive Coin Edition interview, Slava Demchuk, the co-founder of AMLBot and CEO of PureFi shares his insights about the latest happening in the field and what investors need to be on the lookout for.

Q: To begin with, can you tell us how you started AMLBot and PureFi?

We started back in 2018. The crypto sphere was quite popular then but had yet to reach today’s popularity. A friend of mine (currently a partner at AMLBot) was running an OTC business, meaning he exchanged crypto for fiat and vice versa. Once, he had a problem with dirty crypto, where one of his accounts got locked with a significant amount of US dollars on it.

It was then that we realized that it is a common and pressing issue and made it our goal to find a technical solution. First, we created AMLBot as a chatbot in Telegram, then expanded the web version to the API version and proposed it to some of our friends in the community. After testing the solution, we established the company and started serving clients and growing.

Two years ago, when DeFi became pop…

The post AMLBot, PureFi CEO Slava Demchuk On Crypto Compliance and Security appeared first on Coin Edition.

AMLBot and PureFi are well-known organizations in the crypto sphere that specialize in crypto AML/KYC compliance and security. In this exclusive Coin Edition interview, Slava Demchuk, the co-founder of AMLBot and CEO of PureFi shares his insights about the latest happening in the field and what investors need to be on the lookout for.

Q: To begin with, can you tell us how you started AMLBot and PureFi?

We started back in 2018. The crypto sphere was quite popular then but had yet to reach today’s popularity. A friend of mine (currently a partner at AMLBot) was running an OTC business, meaning he exchanged crypto for fiat and vice versa. Once, he had a problem with dirty crypto, where one of his accounts got locked with a significant amount of US dollars on it.

It was then that we realized that it is a common and pressing issue and made it our goal to find a technical solution. First, we created AMLBot as a chatbot in Telegram, then expanded the web version to the API version and proposed it to some of our friends in the community. After testing the solution, we established the company and started serving clients and growing.

Two years ago, when DeFi became pop…

The post AMLBot, PureFi CEO Slava Demchuk On Crypto Compliance and Security appeared first on Coin Edition.