US crypto companies unveiled FATF compliance platform
The established consortium plans to share encrypted customer and transactions information
17.02.2022 - 07:15
307
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?
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Mining
The Avalon Mini 3 is available for pre-order at $899
Jan 8, 2025
Market
The exchange obtained the documents as part of the Freedom of Information Act proceeding
Jan 6, 2025