Cryptocurrency Analytics Firm Elliptic Partners with Monerium to Enhance Anti-Money Laundering (AML) Measures

Monerium Taps Elliptic to Navigate MiCA Rules Amid Euro Stablecoin Boom. According to the announcement shared with Bitcoin.com News, the collaboration aims to automate cross-chain transaction monitoring and reduce manual compliance work by 60% as Monerium scales operations under Europe's Markets in Crypto-Assets (MiCA) regulations.

Cryptocurrency analytics firm Elliptic has partnered with Monerium, a Reykjavik-based Electronic Money Institution (EMI), to enhance anti-money laundering (AML) and compliance measures for its EURe stablecoin, the firm announced on Thursday.

The partnership will see Monerium integrate Elliptic’s Lens, Investigator, and Navigator tools to automate cross-chain transaction monitoring and reduce manual compliance work by 60% as the firm scales operations under Europe’s Markets in Crypto-Assets (MiCA) regulations.

Elliptic’s platforms provide real-time AML screening across 50+ blockchains, transactional analysis for suspicious activity detection, and transaction tracking to identify high-risk activities. The tools are crucial as Monerium expands services under its newly acquired Virtual Asset Service Provider (VASP) license.

EURe, which is fully compliant with MiCA, has already processed over €4 billion in payments since launch. The stablecoin is designed to offer seamless integration with European banking and payment systems, catering to both institutional and retail users.

With Elliptic’s technology, Monerium will be able to monitor token flows proactively, mitigate fraud risks, and maintain transparency as it adds blockchain support for its stablecoin.

“We are constantly looking for ways to optimize our operations and integrate cutting-edge technology,” said Gisli Kristjánsson, CEO of Monerium. “As we navigate evolving regulations and strive for optimal scalability, Elliptic’s tools will be instrumental in future-proofing compliance across the networks we operate within.”

Stablecoin issuers are coming under increasing regulatory scrutiny globally, particularly with the implementation of MiCA and similar frameworks.

“Institutions deploying stablecoins face a unique set of challenges in a rapidly evolving regulatory landscape,” added Jackson Hull, CTO of Elliptic.

“We are seeing a huge demand for euro-pegged stablecoins, and there is a clear need for issuers to be able to balance growth with risk management, especially as compliance requirements will only increase.”

The partnership also arrives as several stablecoin issuers are expanding operations to capture a larger market share.

Recently, Circle saw demand for its EURc stablecoin soar, with the token's circulating supply ballooning from 12.6 million to 211 million in just 30 days.

Monerium’s EURe, which currently has 23.22 million tokens in circulation, is aiming to capture a larger share of the market as MiCA implementation brings increased scrutiny on stablecoin issuers to demonstrate transparency and complete reserve audits.output: Cryptocurrency analytics firm Elliptic has partnered with Monerium, a Reykjavik-based Electronic Money Institution (EMI), to enhance anti-money laundering (AML) and compliance measures for its EURe stablecoin.

The partnership will see Monerium integrate Elliptic’s Lens, Investigator, and Navigator tools to automate cross-chain transaction monitoring and reduce manual compliance work by 60% as the firm scales operations under Europe’s Markets in Crypto-Assets (MiCA) regulations.

Elliptic’s platforms provide real-time AML screening across 50+ blockchains, transactional analysis for suspicious activity detection, and transaction tracking to identify high-risk activities. The tools are crucial as Monerium expands services under its newly acquired Virtual Asset Service Provider (VASP) license.

EURe, which is fully compliant with MiCA, has already processed over €4 billion in payments since launch. The stablecoin is designed to offer seamless integration with European banking and payment systems, catering to both institutional and retail users.

With Elliptic’s technology, Monerium will be able to monitor token flows proactively, mitigate fraud risks, and maintain transparency as it adds blockchain support for its stablecoin.

“We are constantly looking for ways to optimize our operations and integrate cutting-edge technology,” said Gisli Kristjánsson, CEO of Monerium. “As we navigate evolving regulations and strive for optimal scalability, Elliptic’s tools will be instrumental in future-proofing compliance across the networks we operate within.”

Stablecoin issuers are coming under increasing regulatory scrutiny globally, particularly with the implementation of MiCA and similar frameworks.

“Institutions deploying stablecoins face a unique set of challenges in a rapidly evolving regulatory landscape,” added Jackson Hull, CTO of Elliptic.

“We are seeing a huge demand for euro-pegged stablecoins, and there is a clear need for issuers to be able to balance growth with risk management, especially as compliance requirements will only increase.”

The partnership arrives as several stablecoin issuers are expanding operations to capture a larger market share.

Recently, Circle saw demand for its EURc stablecoin soar, with the token’s circulating supply ballooning from 12.6 million to 211 million in just 30 days.

Monerium’s EURe, which currently has 23.22 million tokens in circulation, is aiming