Everyone, especially running an exchange in Africa, needs to get in on Chainalysis crypto compliance software. Regulations are coming, and with Chainalysis, we don’t have to disrupt what we already do.”
Challenge
In 2019, Busha launched with a bold vision: to empower Africans by connecting them to the global economy through cryptocurrency. Operating in a region marked by regulatory uncertainties and economic bottlenecks, Busha faced the dual challenge of ensuring compliance with evolving regulations while maintaining trust and transparency for its growing customer base. With users relying on crypto for remittances, payments, and wealth preservation, Busha needed tools to trace, monitor, and mitigate risks in its transaction ecosystem.
Solution
To meet these challenges head-on, Busha turned to Chainalysis KYT (Know Your Transaction) and Reactor. These tools became instrumental in enabling Busha to grade customer risk levels, trace and monitor transactions, and quickly respond to regulatory or law enforcement inquiries. By leveraging Chainalysis, Busha ensures robust compliance while staying ahead of emerging regulations. This proactive approach empowers Busha to seamlessly scale operations without disruptions, delivering fairness, transparency, and access to its customers.
