US crypto companies unveiled FATF compliance platform
The established consortium plans to share encrypted customer and transactions information
17.02.2022 - 07:15
113
1 min
0
What’s new? The official Twitter account of the Coinbase cryptocurrency exchange has published news about the introduction of a platform called Travel Rule Universal Solution Technology (TRUST). With it, the crypto companies will be able to comply with the Financial Action Task Force (FATF) requirements.
TRUST moves our industry forward.We're proud to be one of 18 leading U.S. crypto exchanges to participate in TRUST, an industry-led Travel Rule solution.Learn more here👇https://t.co/O48lrQIJrY— Coinbase (@coinbase) February 16, 2022
“TRUST moves our industry forward. We’re proud to be one of 18 leading US crypto exchanges to participate in TRUST solution.”
Who joined the consortium? In addition to Coinbase, there are 17 companies with equal shares in the project. They are market leaders such as Anchorage, Avanti, Bitgo, bitFlyer, Bittrex, BlockFi, Circle, Fidelity Digital Assets, Gemini, Kraken, Paxos, Robinhood, Standard Custody & Trust, Symbridge, Zodia Custody, Tradestation, and Zero Hash.
What features does the platform offer? TRUST will allow market participants to securely exchange encrypted data with each other in order to comply with the FATF “road rule” and anti-money laundering and counter-terrorist financing regulations. All companies with access to TRUST will receive the sender and recipient name of the transaction, crypto wallet address, passport details, and other user identifiers.
Useful material?
Telegram 
Twitter Market
It is no longer possible to issue additional coins after this action
Dec 1, 2023
Crypto regulations
One such company is Tether, registered in the British Virgin Islands
Nov 30, 2023
Incidents
Funds from the largest hacks of crypto projects have passed through the service
Nov 30, 2023
Crypto regulations
In 18 months, the exchange’s representatives have failed to get an answer from officials about the principle on which they categorize cryptocurrencies as securities
Nov 30, 2023
Trends
BTC, ETH, SOL, and LINK trading are already available to users
Nov 29, 2023
Incidents
Earlier, the court banned the businessman from leaving the United States before sentencing for sanctions violations and AML violations
Nov 29, 2023
Cryptocurrency rates
-
Bitcoin
$39 518
BTC
+2.04%
-
Ethereum
$2 166.8
ETH
+3.57%
-
BNB Smart Chain
$231.25
BSC
+1.22%
-
Ripple
$0.622344
XRP
+1.62%
-
Cardano
$0.398617
ADA
+3.72%
-
Dogecoin
$0.08645
DOGE
+3.03%
-
Polkadot
$5.58
DOT
+1.92%
-
Litecoin
$72.68
LTC
+1.63%
-
Bitcoin Cash
$230.74
BCH
+2.39%
-
Stellar XLM
$0.122213
XLM
+2.08%