A&D Forensics, a leading blockchain and crypto investigation firm, has achieved a significant milestone by joining the Crypto Market Integrity Coalition (CMIC). The company is the first African firm to be part of this prestigious global alliance, which includes major blockchain industry players such as Coinbase and Circle. This membership highlights A&D Forensics’ dedication to enhancing security, transparency, and integrity within the African and global cryptocurrency ecosystems.
Commitment to Global Standards
The Crypto Market Integrity Coalition (CMIC), formed in 2022, aims to establish and uphold ethical standards across the crypto industry. The alliance works to combat issues like fraud, market manipulation, and market abuse by promoting compliance and security protocols that all members must adhere to. A&D Forensics’ inclusion in this group underscores its mission to uphold these global standards while addressing the specific challenges faced within Africa’s growing crypto market.
In a statement shared with Technext, A&D Forensics expressed its commitment to advancing market integrity in both the African and global blockchain spaces. This move also demonstrates the firm’s ambition to play a central role in shaping a safer, more secure cryptocurrency environment.
Collaboration with Global Leaders
By joining CMIC, A&D Forensics will collaborate with some of the world’s most prominent blockchain companies, including Coinbase, Circle, and Solidus Labs. Together, these companies aim to tackle critical issues such as financial crime, fraud, and cybersecurity breaches. A&D Forensics brings its specialized expertise in crypto investigations, anti-money laundering (AML) compliance, and blockchain forensics to the coalition, which will be crucial in addressing these challenges on a global scale.
A&D Forensics, founded by Adedeji Owonibi, has already made significant strides in the field of crypto compliance and investigations. The company’s work includes tracing and investigating blockchain fraud, Initial Coin Offering (ICO) scams, and exit scams. Through its partnership with CMIC, the firm is poised to expand its influence and impact on the global crypto stage.
Official Onboarding into CMIC
On October 3, 2024, A&D Forensics was officially onboarded into CMIC during a virtual inauguration ceremony. The firm’s membership in CMIC marks a turning point for Africa’s emerging cryptocurrency market, opening doors to further collaboration and innovation.
A&D Forensics aims to leverage its role within the coalition to promote safety and transparency in cryptocurrency markets, particularly in Africa. By collaborating with CMIC members, the firm will contribute to shaping a secure crypto ecosystem, benefiting millions of users across the continent and beyond.
A&D Forensics’ Leadership in Africa
Under the leadership of Adedeji Owonibi, A&D Forensics has gained recognition for its contributions to crypto compliance in Africa. The company has worked extensively with governments, law enforcement agencies, financial institutions, and private sector companies across the continent. Its expertise in mitigating financial crime risks within the virtual asset sector positions A&D Forensics as a key player in the industry’s ongoing evolution.
Owonibi commented on the significance of joining CMIC, stating, “Becoming the first African firm to join CMIC is not just a proud moment for A&D Forensics, but also for Africa’s entire crypto ecosystem. It reflects our commitment to maintaining the highest standards of integrity in the digital asset space and emphasizes Africa’s growing role in the global cryptocurrency market.”
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A Transformative Impact on Africa’s Crypto Space
The involvement of A&D Forensics in CMIC is expected to have a transformative effect on the African crypto landscape. The company’s participation will likely pave the way for greater collaboration, growth, and innovation in the region’s cryptocurrency market. As the firm aligns itself with global leaders in blockchain security and compliance, its influence will help foster an environment of trust and transparency for crypto users in Africa and worldwide.
In its statement, the company reiterated its goal: “As we align with global leaders, our commitment to improving market transparency and preventing financial crime will only strengthen the cryptocurrency ecosystem both in Africa and globally. By aligning with these prominent players, A&D Forensics reinforces its leadership position in Africa and contributes to shaping a safer future for cryptocurrency users worldwide.”
The Future of Africa in Global Crypto Markets
As the first African company to join CMIC, A&D Forensics is setting the stage for Africa’s expanding role in the global cryptocurrency market. The firm’s inclusion in this global alliance not only signifies a major achievement for them but also highlights the increasing relevance of Africa in the global blockchain and digital asset industry. By maintaining the highest standards of integrity and compliance, A&D Forensics is helping to shape a secure and prosperous future for crypto users across the continent.
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