Binance Joins Blockchain Network for Cross-Industry KYC Data Sharing

Binance Joins Blockchain Network for Cross-Industry KYC Data Sharing

Top crypto exchange Binance has partnered with public blockchain protocol Shyft Network as it readies itself to comply with global KYC regulations. Top cryptocurrency exchange Binance has partnered with public blockchain protocol Shyft Network as it readies itself to comply with Financial Action Task Force (FATF) regulations.The Shyft Network was designed to provide a decentralized solution for crypto industry players to fulfill global compliance standards, including the FATF’s “travel rule.”In a statement shared with…

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Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

How is the FATF’s AML guidance being implemented around the world, and what is its impact on the crypto industry? It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far?The FATF — an intergovernmental organization tasked with combating money laundering —…

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