A&D Forensics, Africa’s leading blockchain and cryptocurrency investigation firm, has made history as the first African company to join the Crypto Market Integrity Coalition (CMIC), a prestigious global alliance that includes renowned industry giants such as Chainalysis, Coinbase, BIG, and Solidus Labs. This significant milestone underscores A&D Forensics’ commitment to enhancing the integrity and security of the crypto and blockchain space, both within Africa and globally.
About the Crypto Market Integrity Coalition (CMIC)
Launched by Solidus Labs, CMIC brings together key stakeholders in the digital asset industry to promote market integrity, transparency, and trust. It focuses on setting global standards for compliance and security in the rapidly evolving crypto ecosystem, ensuring that industry players uphold ethical practices while preventing fraud, market manipulation, and market abuse. CMIC members promote market integrity through various task forces, including the Regulation and Policy Task Force, the Marketing Task Force, the Consumer Protection Task Force, and others.
Since its establishment in February 2022, CMIC has achieved several milestones, including growing its membership, adopting a collaborative Code of Conduct, launching educational sessions through CMIC Academy, facilitating roundtable discussions with regulators, creating a Resource Library, hosting a Global Policy Forum, and advancing industry standards across eight workstreams.
A&D Forensics Onboarding Event into CMIC
A&D Forensics was officially onboarded into CMIC on October 3, 2024. The virtual inauguration ceremony was attended by the A&D Forensics team from across Africa, including representatives from Nigeria, Kenya, and Ghana.
During the onboarding call, our Blockchain Forensics Specialist, Chioma Onyekelu, introduced the entire A&D Forensics team, followed by onboarding messages and orientation by Amina and Nathan. Following the introductions, the CMIC team outlined the different workstreams, encouraging A&D Forensics to participate. This year, CMIC launched eight workstreams focused on promoting industry standards and market integrity in the digital asset space. The topics include Digital Assets Market Liquidity Issues, US Legislation and Competitiveness, Countering Fraud, Consumer Redress, AML Modernization and DeFi, Staking Policy, Market Data Structure, and Shared Market Surveillance.
A Milestone for Africa’s Crypto Ecosystem
Adedeji Owonibi, Senior Partner at A&D Forensics, expressed his excitement during the onboarding event, stating: “Becoming the first African firm to join CMIC is not just a proud moment for A&D Forensics, but also for Africa’s entire crypto ecosystem. It reflects our commitment to maintaining the highest standards of integrity in the digital asset space and emphasizes Africa’s growing role in the global cryptocurrency market.”
Following the onboarding, A&D Forensics participated in its first task force meeting, focused on regulation and policy. During the meeting, the CMIC team provided detailed information on each task force’s activities and discussed strategies to foster collaboration across jurisdictions, with A&D Forensics being the only member from Africa.
A&D Forensics’ CMIC Membership Aims to Advance Africa’s Crypto Ecosystem
A&D Forensics’ membership in CMIC marks a critical turning point for Africa’s emerging cryptocurrency market. By joining this coalition, A&D Forensics aims to contribute its expertise in cryptocurrency investigations, anti-money laundering (AML) compliance, and cybersecurity to promote safety and transparency in crypto markets across Africa and beyond.
With a proven track record in assisting governments, law enforcement agencies, financial institutions, and private sector companies across Africa, A&D Forensics has become a trusted name in the crypto compliance space. Specializing in investigating cryptocurrency fraud, blockchain forensics, AML compliance, and mitigating risks associated with financial crimes in the virtual asset sector, A&D Forensics continues to lead in ensuring safe and secure crypto transactions.
As part of this alliance, A&D Forensics will collaborate with leading global firms, including Chainalysis, Coinbase, BIG, and Solidus Labs, as a member of CMIC. Together, they will address critical issues such as financial crime, fraud, and security breaches. By aligning with these prominent players, A&D Forensics reinforces its leadership position in Africa and contributes to shaping a safer future for cryptocurrency users worldwide.
Conclusion
A&D Forensics’ participation in CMIC is expected to have a transformative impact on Africa’s crypto space, opening doors for more collaboration, growth, and innovation in the region. As we align with global leaders, our commitment to improving market transparency and preventing financial crime will only strengthen the cryptocurrency ecosystem both in Africa and globally.
Contact Information
Email: contactus@adforensics.com.ng
Phone Number: +234 909 550 3040
Key Contact Person:
Chioma Onyekelu, CCI,CAMS
Email: chioma.onyekelu@adforensics.com.ng
Contributor: Ibrahim Anuoluwapo Azeez
