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Crypto Anti-Money Laundering Specialist Notabene Raises $14.5M

Notabene, a startup that helps cryptocurrency trading firms comply with anti-money laundering (AML) rules, has raised $14.5 million in Series B funding. The funding round was led by DRW Venture Capital and saw participation from funds managed by Apollo, Nextblock, ParaFi Capital, and Wintermute. Notabene aims to bring crypto transactions in line with traditional financial regulations and is seeing a growing network effect with 165 companies currently using its platform. CEO Pelle Braendgaard expects an increase in transaction volume as firms rush to comply with Europe's update of its Transfer of Funds Regulation (TFR) to include crypto transactions. Braendgaard believes that the US will follow Europe's lead in order to bring crypto trading volume back to the country.

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