Swiss crypto firms complete 1st FATF travel rule & AML compliant transaction

posted 9 months ago
Three Swiss crypto companies say they’ve successfully completed the first automated Bitcoin transaction that meets anti-money laundering standards.

FATF holds virtual asset service providers (VASPs) to the same standards as traditional bank transfers. Known as the Travel Rule, the FATF standard requires VASPs to exchange data that identifies both the originator and the beneficiary on any transaction over $1,000.
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