As Part of Ongoing Commitment to Compliance, Binance Deploys CipherTrace Traveler prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
CipherTrace Explains how its Traveler Product Assists VASPs with Following Global Travel Rule Regulations
Blockchain security firm
CipherTrace notes that its
Traveler product has been developed to assist virtual asset service providers or VASPs with adhering to the international “Travel Rule” regulations by securely sharing digital currency transaction details with other “vetted” VASPs.
CipherTrace explains that its tools are able to support anti-money laundering (AML) compliance and “operational continuity” in jurisdictions that are currently enforcing the Travel Rule regulations by “enabling secure exchange transaction confirmations.”
As noted by the blockchain firm, Traveler is reportedly the first “commercial” product that has been developed to specifically meet the standards created by the Travel Rule Information Sharing Alliance (TRISA) in response to the updated guidance released by the Financial Action Task Force (FATF) which is the global money la
CipherTrace Announces Cryptocurrency Travel Rule Solution for Regulatory Compliance
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FinCEN and FATF regulatory compliance solution that is compatible with the TRISA.io open standard has been released by CipherTrace.
CipherTrace Traveler is the first major milestone in the progressive development of commercial Travel Rule solutions building upon TRISA s open-source foundation MENLO PARK, Calif. (PRWEB) March 11, 2021
CipherTrace announces today the release of “CipherTrace Traveler,” a cryptocurrency Travel Rule compliance solution for virtual asset service providers (VASPs), including cryptocurrency exchanges, custody providers, OTC trading desks, banks and other financial institutions that is compatible with the TRISA standards (“Travel Rule Information Sharing Alliance”).