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Coalition of US crypto firms unveils travel rule compliance platform, TRUST
source link: https://nextbigwhat.com/coalition-of-us-crypto-firms-unveils-travel-rule-compliance-platform-trust/
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Coalition of US crypto firms unveils travel rule compliance platform, TRUST
- A coalition of some of the US’s largest crypto firms is rolling out a solution to heightened anti-money laundering standards.
- The travel rule has long been part of the banking world, but until recently, crypto lacked the infrastructure to comply.
- Other travel rule solutions propose a more decentralized approach, in which the technology is usable by all, rather than a members-only platform where a group of firms decide who can compliantly transact.
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