{"id":102499,"date":"2024-12-24T11:10:45","date_gmt":"2024-12-24T15:10:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=102499"},"modified":"2024-12-24T11:12:03","modified_gmt":"2024-12-24T15:12:03","slug":"hacken-launches-ai-powered-mica-compliance-tool","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hacken-launches-ai-powered-mica-compliance-tool\/","title":{"rendered":"Hacken Launches AI-Powered MiCA-Compliance Tool"},"content":{"rendered":"\n

As the DORA and MiCA regulations approach, blockchain security auditor Hacken is introducing a new solution to automate security and compliance for web3 businesses<\/a>.\u00a0
<\/p>\n\n\n\n

\"Hacken
Hacken Launches AI-Powered MiCA-Compliance Tool<\/figcaption><\/figure>\n\n\n\n

Hacken, a global blockchain auditor<\/a> with Ukrainian ancestry, is launching a new solution that enables web3 companies to adhere to standards like DORA and Europe's MiCA automatically. <\/p>\n\n\n\n

Chief executive and co-founder of Hacken, Dyma Budorin, stated in a press release that the company created the so-called “Extractor” to meet the “critical need for proactive monitoring and compliance in the crypto space.” <\/p>\n\n\n\n

The Tallinn-based company claims that Extractor makes it simpler to comply with regulatory standards like MiCA, DORA, and ADGM by providing a compliance monitoring framework for web3 applications.<\/p>\n\n\n\n

Hacken's technology is reportedly integrating AML\/CFT monitoring, transaction tracking, total value locked analysis\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, and circulating supply detection into a structured compliance approach, which sets it apart from other options on the market. <\/p>\n\n\n\n

The press release also incorporates automated protections, post-event reporting, and real-time threat detection to provide ongoing protection and operational resilience.\u00a0<\/p>\n\n\n\n

Valentyna Kondratenko, Hacken's legal\u00a0counsel, noted that beginning Jan. 17, 2025, DORA's requirements “will become enforceable,” adding further that non-compliance “can result in severe penalties, such as fines of up to 2% of the total annual worldwide turnover or 1% of the average daily global turnover.”<\/p>\n\n\n\n

The solution's potential applications are expanded by its compatibility with several blockchain networks, such as Ethereum and BNB Chain (previously Binance Smart Chain). <\/p>\n\n\n\n

MiCA laws have presented difficulties for cryptocurrency companies looking to grow in the European market<\/a>. <\/p>\n\n\n\n

For instance, because of MiCA, cryptocurrency exchange Coinbase was forced to stop offering USDC rewards to its EU customers. Later, it even delisted Tether (USDT) from its European platform.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As the DORA and MiCA regulations approach, blockchain security auditor Hacken is introducing a new solution to automate security and compliance for web3 businesses.\u00a0 Hacken, a global blockchain auditor with Ukrainian ancestry, is launching a new solution that enables web3 companies to adhere to standards like DORA and Europe’s MiCA automatically. Chief executive and co-founder […]<\/p>\n","protected":false},"author":43,"featured_media":102500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[23226,5514,6795],"class_list":["post-102499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-hacken","tag-mica","tag-web3-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/12\/croc_1735049155036.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=102499"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/102500"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=102499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=102499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=102499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}