Integrating address risk scoring through Scorechain

We're committed to providing our operators with the most advanced tools to help them grow and being compliant with regulations. Our latest software release takes this commitment further with the integration of Scorechain for crypto address risk scoring. This compliance feature allows operators to assess the risk level of cryptocurrency addresses in real time, ensuring safer transactions.

When enabled, both scanned cash-in addresses and originating addresses for cash-out are relayed to Scorechain for risk analysis. If an address is flagged as high-risk or exceeds a predefined threshold, the transaction is immediately blocked, and the operator is alerted. This provides protection against facilitating illicit activity and ensures your Bitcoin ATMs remain compliant with legal requirements.

This integration replaces our previous option for Ciphertrace. Scorechain's platform provides in-depth risk assessments using data points such as address reputation and transaction history. With this integration, you gain access to a trusted compliance tool that helps meet both operational and regulatory needs.

Configuring Scorechain within your Lamassu Admin is straightforward. Once your Scorechain account is activated, simply add an API key to your admin, set your risk threshold based on your compliance requirements, and hit the 'Enabled' checkbox. The system will handle the rest. This customisable approach allows for flexibility in managing different levels of risk tolerance across your Bitcoin ATM fleet, whether you’re a large operator or managing a smaller fleet.

For more details on the integration of Scorechain for crypto address risk scoring, check out our detailed setup article. If you have any questions or need assistance with the setup, feel free to contact our support team. We're always eager to explore how additional compliance solutions can improve your operations.