PYMNTS

NOVEMBER 20, 2019

Among the biggest problems for cryptocurrency — if not the biggest — is legitimacy. The move potentially represents one of the most significant regulatory-related actions involving cryptocurrency in the roughly 10-year history of that digital payment method. Travel Rule.

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Travel Rule Rules Digital Currency Cryptocurrency 49

The Payments Association

JANUARY 31, 2025

As crypto reshapes finance, the FATF’s Travel Rule 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 Travel Rule.

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Fintech News

FEBRUARY 27, 2024

TRM Labs’ Global Crypto Policy Review & Outlook 2023/24 delves into the advancements in regulation as well as the regulatory challenges faced by major APAC markets, shedding light on their unique strategies and key developments in navigating the complex world of cryptocurrency. This transition is currently in progress.

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Fintech News

MARCH 12, 2024

It also addresses the need for stringent compliance measures in response to tighter global regulations on digital assets, exemplified by recent actions from regulatory bodies in the Asia-Pacific region, including the Monetary Authority of Singapore and Hong Kong’s new crypto travel rule.

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The Paypers

NOVEMBER 1, 2022

Global cryptocurrency investment app Luno has become a member of the Travel Rule Universal Solution Technology (TRUST) Coinbase network.

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Travel Rule Rules Cryptocurrency Technology 36

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. Usage of mixers peaked in 2022, with over US$1.5

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PYMNTS

JUNE 19, 2020

The coalition has said, too, that it is compliant with Financial Action Task Force mandates known as the “travel rule.” The rule governs how beneficiary and originator information is to be shared.

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P2P Bank Routing Number Payments ATM 106

The Fintech Times

JUNE 3, 2024

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.

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Fintech News

JANUARY 24, 2024

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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Service Provider Cryptocurrency Payments Institute Blockchain 98

Fintech News

DECEMBER 12, 2024

The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Koreas regulatory standards for crypto transactions. BYDFi announced its official membership in South Koreas CODE VASP Alliance. CODE formally welcomed BYDFi’s participation at the same time as a post.

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Travel Rule Compliance AML Money Laundering 52

PYMNTS

NOVEMBER 15, 2019

government is going to strictly oversee the implementation of rules that would force crypto exchanges, marketplaces and digital wallets to identify their customers when they do transactions over a certain monetary threshold, according to a report by Reuters. 15) that the U.S. The amount of money laundering crime may exceed $4.3

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Rules AML Travel Rule Fincen 50

PYMNTS

DECEMBER 9, 2020

Blockchain trade technology firm XREX has rolled out a cryptocurrency Exchange-as-a-Service (EaaS) technology called MyXchange. as the FATF Travel Rule solution. XREX serves international companies that have business in developing economies, according to Medium post from CEO and Co-founder Wayne Huang.

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AML Travel Rule Money Laundering Blockchain 70

PYMNTS

SEPTEMBER 24, 2019

For bitcoin, and perhaps cryptocurrencies in general, does the future lie in … futures? The Bakkt launch allows for settlement in 30 day contracts and one day contracts — and settling in bitcoin means the cryptocurrency must be delivered (not dollars). Thinly, as Bloomberg noted.

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Bitcoin Travel Rule Cryptocurrency Money Laundering 72

The Fintech Times

NOVEMBER 27, 2024

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager.

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Transactions Financial Crimes Crime Blockchain 59

Global Fintech & Digital Assets

JANUARY 8, 2024

Given the decentralised nature of cryptocurrency, many global stablecoins arrangements do not neatly fall within the strict definition in the PSSVFO. However, the SVF regime is designed to create a licensing regime for electronic facilities such as e-wallets and prepaid cards. Standard supervisory powers granted to the HKMA.

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