Malta Financial Services Authority has appointed blockchain firm, CiperTrace, to keep tabs on the crypto goings on within their nation. Malta is quickly growing into one of the biggest crypto-hubs in the world, so it is no surprise they are tightening the ship a bit when it comes to cryptocurrency operations. Last month, they announced new regulations for crypto exchanges to abide by. And today, news has come that they have sought out help from CipherTrace, to assist the checking of crypto assets. The US Blockchain Firm will be charged with the responsibility of checking assets used in transactions in order to prevent any form of money laundering, terrorist funding and ensure no other untoward goings-on are being assisted via cryptocurrencies in Malta. Naturally, with the increased influx of cryptocurrency agents, and news ones applying for licensing’s to operate in Malta growing at a rapid rate, this becomes more difficult. Hence the need to bring in a third party to the equations. “Ciphertrace Compliance Monitoring will provide the MFSA with powerful oversight tools to automate regulatory processes and audit the risk management of virtual asset businesses licensed in Malta.” MSFA CEO, Joseph Cuschieri, explained They have made a wise choice in Cipher Trace, who are specialists in gauging and confronting business risks, in regard to investment, blockchain, cryptocurrencies and initial coin offerings. The company launched in 2015 and have so far shown good form in providing just that. With this organisation operating alongside the MFA, Malta’s expansion into the crypto world has just been eased a great deal.