Coinbase, Gemini and others join forces to combat human trafficking

Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC. Launched in April 2020 by the Anti-Human Trafficking Intelligence Initiative, the consortium is a nonprofit focused on intelligence sharing, best practices and the development of tools to fight trafficking. The ATCC brings together crypto exchanges, blockchain intelligence firms and law enforcement to combat human trafficking and child sexual abuse material, also known as CSAM.

Aaron Kahler, chair and founder of the Anti-Human Trafficking Intelligence Initiative, told Cointelegraph that thought leadership and information-sharing within the cryptocurrency space are vital to building awareness for anti-human trafficking corporate social responsibility:

Crypto exchanges are monitoring transactions

Source: Chainalysis