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šššš«š­-šŸ: š–š”ššš­ š¢š¬ š’š”š²šŸš­ š•šžš«š¢š¬šœšØš©šž. Continuing with our #DiscoverShyft series, we'll delve into Shyft Veriscope today.

Shyft Network
Shyft Network
Telegram
15 Jun 2023, 18:51
šššš«š­-šŸ: š–š”ššš­ š¢š¬ š’š”š²šŸš­ š•šžš«š¢š¬šœšØš©šž? Continuing with our #DiscoverShyft series, we'll delve into Shyft Veriscope today. Veriscope is here to streamline #TravelRule compliance for VASPs (= #crypto businesses). Let's dive in! But What is the FATF Travel Rule? In 2019, the Financial Action Task Force (#FATF), a global institution combatting illicit financial activities, introduced the FATF #TravelRule. This was aimed at curbing the use of #cryptocurrencies for unlawful activities. š†šŸ• & š†šŸšŸŽ While only a handful of nations have enforced this rule so far, there's been a mounting demand for global cooperation. Recently, #G7 urged all countries to implement the #crypto Travel Rule urgently. š€š§š š“š”ššš­ š‚šØš§šœš„š®ššžš¬ šššš«š­ šŸ. In part 2, we'll unpack the key challenges VASPs face in complying with the Travel Rule and how Shyft Veriscope addresses these issues. Stay tuned!