IBAN fiat account provision enables EU crypto businesses on their mission to move seamlessly between fiat and crypto with full compliance.

‍Today, Januar is announcing it has selected Chainalysis, the blockchain data platform, as their technology provider to support their commitment to best practices in crypto-compliance and anti-money laundering. Januar, the financial infrastructure provider for crypto businesses, provides IBAN fiat accounts to crypto businesses and enables them to conduct payments and operational transactions through a specialised and reliable fiat partner. In April, Januar received its European Payment Institution license from the Danish Financial Supervisory Authority (DFSA).

Januar’s commitment to servicing crypto businesses brings additional regulatory scrutiny, and Januar, which is regulated by the DFSA, has integrated Chainalysis’ compliance software in support of comprehensive risk management and due diligence practices.

“Our mission at Januar is to enable and legitimise European crypto businesses by providing them with fiat payment rails. Teaming up with Chainalysis reinforces our commitment to working with the best compliance partners in the industry as we prepare for the enforcement of MiCA (Markets in Crypto Assets), which is currently scheduled for January 2025. As a Chainalysis alumni myself it’s a pleasure to see Januar enter into this important collaboration with the organisation and their solution whose early journey I was a part of back since 2016,” said Simon Ousager co-CEO and founder of Januar.

“Chainalysis was founded on the belief that in order for cryptocurrency to succeed, it must be integrated into traditional financial infrastructure. Access to reliable fiat account and payment rails remains to this day a large challenge for many crypto businesses, and we are excited to work with Januar as they bring on and off-ramping solutions to the soon-to-be MiCA regulated crypto businesses across the European Union”, said Alex Cable, Area VP Western EMEA, Chainalysis.

About Chainalysis

‍Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

About Januar‍

Januar is the financial infrastructure partner for crypto businesses. The company enables seamless and compliant money flows by offering fiat business accounts and payment services together with its instant settlement payment network JIN (Januar Instant Network). Januar holds a payment institution license with the Danish FSA (Financial Supervisory Authorities) and serves customers across all EEA markets.