HumanStar* brings Bitfury Crystal blockchain to India

By Edil Corneille

The Bitfury Group announced that it has partnered with India’s strategic advisory firm HumanSTAR* to deploy Bitfury’s Crystal analytics platform across Indian law enforcement agencies, forensics labs, and financial institutions.

Marina Khaustova, CEO, Crystal Blockchain enthused, “We at Crystal analytics is proud to partner with HumanSTAR* as they work to improve the cryptocurrency compliance standard for India’s Financial institutions & Law Enforcement.”

HumanSTAR* has mentioned that it has been working with global agencies, Indian law enforcement, and financial institutions to understand the state of India’s readiness in dealing with blockchain-enabled cryptocurrency issues, including crimes.

The company has stated that over the last 18 months, it has successfully organized a specialized team to analyze transactions on the public blockchain, especially with the impending scams that state police and central agencies are struggling to deal with in high-end crypto forensics.

Mohammad Shahabuddin, CEO, HumanSTAR* elucidated, “Technology has pushed the boundaries & critical importance of transaction analysis platforms by exponential commercialization of blockchain and cryptocurrency adoption. HumanSTAR* is committed to providing Indian Law Enforcement Agencies and Financial Institutions, with the first forensic tool available in India, to counter the increasing case of Crypto Crimes through the identification of illicit and illegal transactions.”

The partnership between HumanSTAR* and Crystal analytics is expected to open doors for cooperation with agencies, for increased transparency and security of transacting of cryptocurrencies. The key issues in the current global financial system include providing a fair-trading environment, keeping user data, assets & privacy secured, and adhering to global anti-money laundering (AML) and counter-terrorism funding (CTF) guidelines.

HumanSTAR* aims to strengthen its crypto forensics and investigative practice by furthering initial discussions with the Indian law enforcement agencies and forensics labs. The company has partnered with Begin India Think Tank. United Nations Technology Innovation Labs has partnered with the company, chaired by Dr. Subramanian Swamy, Member of Parliament, BJP & globally noted Economist.