Travel Rule

Exchanges

Crypto Exchange Group Eyes ‘Bulletin Board’ System for FATF Compliance: Coinbase Exec

Top cryptocurrency exchanges including Coinbase will release a white paper detailing a way to comply with the Financial Action Task Force's "Travel Rule."

Policy & regulation  ·  21 July 2020
Binance

Shyft Debuts ‘Decentralized Version of SWIFT’ for FATF Travel Rule

Shyft Network says 30+ exchanges are testing its blockchain-based solution to help cryptocurrency companies comply with the FATF Travel Rule.

Business  ·  14 July 2020
BitGo

BitGo Looks to Rally Exchange Clients Around FATF Travel Rule Product

BitGo has joined the pack of solution providers attempting to bring crypto in line with FATF anti-money laundering standards.

Business  ·  14 July 2020
Travel Rule

Is the Travel Rule Good or Bad for Crypto? Both

A new international rule requiring digital asset operators to report transactions could spilt the crypto industry in two, argue two researchers.

Policy & regulation  ·  27 June 2020
Regulation

FATF Meets Wednesday to Discuss ‘Travel Rule’ for Digital Assets

The Financial Action Task Force holds its summer plenary meeting Wednesday. Here's what to expect with the anti-money laundering watchdog discussing crypto.

Policy & regulation  ·  24 June 2020
News Roundup

Blockchain Bites: PayPal’s Push, FATF’s Rules and ‘Overstated’ Libra Fears

Industry leaders reflect on PayPal's reported plan to offer direct access to crypto for its 325M users, while banks and crypto startups look for solutions to FATF's Travel Rule.

News  ·  23 June 2020
FATF

Identity Startup Notabene Launches Exchange Tool for FATF Travel Rule Compliance

A Financial Action Task Force meeting this week is proving to be a popular time for industry players to launch compliance-minded tech solutions.

Policy & regulation  ·  23 June 2020
BitGo

In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers

ING Bank, Standard Chartered and others have developed a protocol to handle a new rule for crypto exchanges and firms dealing in digital assets.

Business  ·  23 June 2020
Travel Rule

Less Than 1% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned Crypto

More than 70,000 crypto-related SARs had been filed with FinCEN since 2013, director Kenneth Blanco said Wednesday.

News  ·  13 May 2020
Exchanges

Crypto Firms Establish Messaging Standard to Deal With FATF Travel Rule

The standard defines a uniform model for data that must be exchanged by crypto firms alongside transactions.

Policy & regulation  ·  7 May 2020
Polkadot

Shyft Network to Build FATF-Compliant ‘Identity Layer’ for Polkadot

Shyft Network is adding yet another blockchain to its decentralized digital identification network.

Tech  ·  6 April 2020
Regulation

FATF Says US ‘Largely Compliant’ With Virtual Currency Recommendations

A new Financial Action Task Force report says the U.S. is largely in compliance with its recommendations around digital assets, but still has some "minor deficiencies" in its state and federal framework.

Policy & regulation  ·  2 April 2020
Binance

Binance Throws Weight Behind Shyft Network in ‘Travel Rule’ Standards Race

Binance, the world’s largest crypto exchange group, has chosen the Shyft Network to help address a looming regulatory requirement.

Policy & regulation  ·  27 February 2020
Hong Kong

Hong Kong to Consider Additional FATF-Style Regulations for Crypto Exchanges

Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money laundering norms.

Policy & regulation  ·  27 February 2020
Exchanges

CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly

In 2020, the startup’s focus is on new products and features that comply with new rules from the Financial Action Task Force.

Business  ·  25 February 2020