Mastercard Adopts AI In Fight to Tackle Crypto crime

Mastercard is launching a system to assess the risk of criminal association with cryptocurrency exchange on its payment network.

The Crypto Secure platform is powered by artificial intelligence (AI) algorithms, harnessing on-chain data derived from blockchains, among other sources.

Its intended users are banks and financial institutions, who are presented with a dashboard that provides color-coded ratings representing different levels of suspicious activity, from green meaning “low,” to red indicating “high” risk.

Crypto Secure provides no other commentary, leaving the decision to accept a prospectively suspicious crypto merchant to the platform’s users.

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