Wilmington, DE – October 30th, 2024 – Paxful, a global leader in peer-to-peer (P2P) cryptocurrency trading, is proud to announce its membership with Illicit Virtual Asset Notification (IVAN). Led by U.S. law enforcement agencies in collaboration with private-sector entities, IVAN is a first-of-its-kind public-private initiative designed to enhance global financial security by tackling illicit financial activity within virtual assets, stewarded under MITRE.

Under the new leadership of CEO Roshan Dharia starting in 2023, Paxful has undergone a complete transformation. The now more than 100-member global Paxful team has prioritized innovation, service, and rigorous compliance, restructuring Paxful to meet the highest standards in safety and security alignment. Participation in the IVAN partnership further cements a new chapter for Paxful as it introduces cutting-edge solutions for global financial flows while reiterating Paxful’s commitment to transparency and global safety.

“As Paxful continues to grow, we’ve made every decision to do so responsibly, following global rules and working closely with regulatory bodies,” said Roshan Dharia, CEO of Paxful. “It’s a privilege to be part of this partnership, and we’re proud to bring over a decade of experience in the P2P space to contribute meaningfully to this mission. At Paxful, we see compliance as a path to sustainable growth, allowing us to protect our users while fostering a safer financial ecosystem.”

Collaborating to make global trade safer and more transparent

The IVAN partnership includes leading U.S. and international regulatory and law enforcement agencies, along with major industry players, all working collaboratively to counter illicit activities associated with virtual assets.

By joining IVAN, Paxful sits alongside these key stakeholders to support real-time threat identification, threat mitigation, and data-driven solutions for a safer financial future. This partnership reflects Paxful’s ongoing commitment to protecting its users, fostering transparency, and setting new standards for accountability in the cryptocurrency sector.