It seems the compliance bug has finally bitten Binance. The world’s most popular cryptocurrency exchange is looking to appease government regulators worldwide with some fancy new tech built to detect suspicious trading activity. In a press release, Binance confirmed it has integrated its systems with proprietary compliance software built by blockchain tech firm Chainalysis, named Know Your Transaction (KYT). “Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users,” said Jonathan Levin, Chainalysis’ co-founder. KYT apparently uses pattern recognition, algorithms, and “millions of open source references” in order to raise live alerts on cryptocurrency transactions it decides are…

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