The Travel Rule is an anti-money laundering law for all cryptocurrencies regulated by the Financial Action Task Force (FATF). In order to be able to inspect the transaction path transparently while ensuring the safety and security of users.
For this reason, ‘VerifyVASP’ has stepped into its role as a solution provider in accordance with the Travel Rule.
VerifyVASP supports digital asset operators (VASP – Virtual Asset Service Provider) to comply with the Travel Rule, which has received a strategic investment from Chainalysis, a leading blockchain technology analytics company. Including being co-invested by top companies such as Peak Capital, Bcharu and FTX Ventures (FTX regulated fund), along with more than 75 partners in 24 countries such as Upbit, FTX, Coinbase, Crypto.com and Huobi, among others.
VerifyVASP also allows its users to transact across all of the globally partnered exchanges. Cross-country to Thai Exchange, but if Exchange Thailand is partnered with VerifyVASP, it will allow users to transfer crypto. from South Korea to Thailand immediately
To date, more than 1.5 million VerifyVASP transactions have been processed, valued at $40 billion USD or over 1.5 trillion baht, enabling VerifyVASP to gracefully become a global leader in travel security legislation.
VerifyVASP has received over 190 million baht in Series A funding in the past by Peak Capital, Bcharu and FTX Ventures, bringing the company’s total value to more than 3.5 billion baht, which is an exciting start. extremely What will VerifyVASP’s next step be as a global leader in Travel Rule safety?
The post “VerifyVASP aims to be a global security leader, passes ‘Travel Rule’, empowering giants FTX, Upbit, Crypto .com and more” appeared first on Bitcoin Addict.