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Paypal Raises $4.2M for Crypto Compliance Startup TRM Labs

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The cryptocurrency compliance startup TRM Labs has been benefited by Paypal’s series of funding. Paypal has raised a $4.2 million funds with Initialized Capital, Blockchain Capital, and Y Combinator as investors. The total fund raised, however in total, has reached $5.9 million. 

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TRM Labs, this startup, has helped the crypto market to analyze fraud and money-laundering on the blockchain. TRM Labs is a team of 20, according to Castaño. Moreover, the San Francisco-based company says it will use the new funding for product development, hiring and expanding to new geographies.

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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