travel rule – DIGIT INFO

USDC issuer Circle launches onchain compliance platform

DIGIT — Tue, 24 Sep 2024 17:54:32 +0000

It’s an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether.

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Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF

DIGIT — Sat, 13 Jul 2024 05:36:58 +0000

Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest FATF update, 60% (88 jurisdictions) have decided to permit virtual asset service providers (VASPs), while 14% (20 jurisdictions) explicitly prohibit them. The FATF […]

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South Africa’s Regulator Tightens Rules for Crypto Asset Transfers via Latest Directive

DIGIT — Tue, 28 May 2024 02:45:59 +0000

The Financial Intelligence Centre (FIC) has proposed a directive regarding crypto asset transfers. This directive follows the licensing of 75 crypto asset service providers (CASPs) by the Financial Sector Conduct Authority in South Africa. The FIC aims to tighten regulations by requiring CASPs to implement more detailed and stricter requirements for digital transactions. The directive’s […]

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South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

DIGIT — Sun, 05 May 2024 04:26:31 +0000

The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation of the FATF’s Recommendation 16. CASP Interactions With Unhosted Wallets The South African Financial Intelligence […]

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Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation

DIGIT — Thu, 09 Nov 2023 00:34:38 +0000

Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom.

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UK’s Travel Rule comes into effect, could halt certain crypto transfers

DIGIT — Fri, 01 Sep 2023 00:37:00 +0000

The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain.

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Crypto travel rule implementation ‘remains relatively poor,’ says FATF

DIGIT — Mon, 26 Jun 2023 00:56:45 +0000

The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.

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Japan’s crypto anti-money laundering measures to start in June: Report

DIGIT — Wed, 24 May 2023 04:03:28 +0000

The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”

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EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules

DIGIT — Fri, 21 Apr 2023 14:19:57 +0000

Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules […]

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Paypal adds to list of crypto heavy hitters on the TRUST network

DIGIT — Tue, 23 Aug 2022 05:49:37 +0000

Paypal has stepped up its regulatory compliance by joining TRUST to streamline its reporting requirements relating to the digital assets “travel rule.”

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