The cryptocurrency industry is eager to comply with the Financial Action Task Force's (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found.As per a survey conducted by Notabene, a crypto compliance firm based in New York, most of the crypto industry will be Travel Rule-compliant by Q2 2022. Currently, the … [Read more...] about Crypto industry seems willing to adopt FATF travel rule: Survey
Rule
Crypto Firms Can’t Outrun the Travel Rule
None of that has turned out to be true. In contrast, the onset of regulation is strengthening trust to the industry and is promising to be a great boon to the industry. Since Bitcoin emerged 12 years, entrepreneurs have created thousands of types of virtual assets, including stablecoins. Bitcoin and ether both hit new all-time highs in 2021 amid a wider rally in crypto markets, … [Read more...] about Crypto Firms Can’t Outrun the Travel Rule
Japan’s Crypto Exchanges Grapple With Travel Rule as Deadline Looms
Chino said it was too sensitive to disclose specific details of discussions between JCBA members. He did reveal that among questions raised was who would be subject to the travel rule. Though the travel rule would be applied to inter-VASP transactions, he said it was not clear whether hosted wallets or cross-border transactions would also be subject to the rule. Source link … [Read more...] about Japan’s Crypto Exchanges Grapple With Travel Rule as Deadline Looms
Tether trials Notabene’s new travel rule technology to combat financial crimes
Tether Operations Limited, the firm operating Tether (USDT), announced on Tuesday that it will use Notabene, an end-to-end solution for cryptocurrency Travel Rule compliance.Tether will begin testing Notabene’s cross-border transaction monitoring system for virtual asset service providers (VASP) to combat financial crimes such as money laundering.Notabene is a new technology … [Read more...] about Tether trials Notabene’s new travel rule technology to combat financial crimes
Coinbase listing scorned, graphics cards seized, nostalgia coins rule
It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure to cryptocurrencies is still relatively isolated in the world’s most populous country. Many netizens responded skeptically to the Coinbase story, with … [Read more...] about Coinbase listing scorned, graphics cards seized, nostalgia coins rule