Traveler enables exchanges to overcome the sunrise issue, meeting their compliance obligations, even with VASPs in jurisdictions that have not yet codified travel rule guidance into local law.
MENLO PARK, Calif. (PRWEB)
May 03, 2021
Crypto.com has become the first cryptocurrency exchange to announce the use of CipherTrace’s Traveler solution, the first commercial solution to enable compliance with global Anti-Money Laundering (AML) travel rule laws.
CipherTrace released Traveler in March in anticipation of increasing global enforcement of travel rule laws intended to prevent money laundering in cross-border cryptocurrency transactions. Traveler is designed to support virtual asset service providers (VASPs), including cryptocurrency exchanges, custody providers, OTC trading desks, banks and other financial…