Partnership plans to solve the problems of FATF's travel rule with a blockchain and encryption

Quick Take

  • Now that FATF has released its guidance, exchanges are looking for ways to securely transfer originator and beneficiary information during transactions to comply with the travel rule
  • CipherTrace and Shyft are engineering a blockchain solution that they expect will solve the problem
In the wake of the Financial Action Task Force (FATF) guidance, a partnership between two blockchain security solution developers believes it’s found a solution for travel rule compliance.  CipherTrace and Shyft say they’re creating an ecosystem for compliance. Together, they’re working to bring an encrypted ledger to market, where originator and beneficiary information can be […]

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Sep 24, 2021, 9:17PM UTC