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As crypto reshapes finance, the FATF’s TravelRule struggles to keep pacecan global regulators close the gap on illicit transactions? Unlike traditional banking, crypto transactions often involve pseudonymous addresses, decentralised platforms, and non-custodial wallets, making it far more difficult to enforce the TravelRule.
We want to offer solutions that not only accompany but also enrich our users’ experience in the dynamic world of cryptocurrencies,” said Ricardo Dantas , chief executive officer of Foxbit Group. This is an important step in strengthening our presence in the cryptocurrency market.
On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.
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