YAX, a subsidiary of UP Fintech, has teamed up with Solidus Labs to bolster its cryptocurrency transaction monitoring through the HALO platform. This partnership aims to align with the Hong Kong Securities and Futures Commission's standards for licensed virtual asset trading platforms. The HALO platform offers comprehensive oversight of both on-chain and off-chain activities, enhancing the detection of fraud and money laundering while ensuring compliance with AML/CTF regulations. Hugo Wong, YAX's Compliance Director, emphasized the platform's advanced risk identification capabilities. Meanwhile, Justin Lin from Solidus Labs highlighted its ability to monitor fund flows between crypto and fiat currencies, meeting regulatory expectations.