Author Topic: CipherTrace Enters Race to Solve Crypto's FATF Compliance Headache  (Read 5 times)

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CipherTrace has published their final white paper and open source software for wallet providers and crypto exchanges to comply with the FATF travel rule.

This means that their Travel Rule Information Sharing Architecture (TRISA) would allow exchanges and wallet providers to share payment details and exchange KYC info.

Exchanges adopting TRISA are essentially creating a 'extended validation know-your-VASP certificate' which would be verified through a third-party trusted certificate authority.

FinCEN released guidance on May 9th that gave exchanges 180 days to comply with the travel rule. I am really interested to see what everyone's thoughts are regarding the travel rule, how exchanges are meant to comply and what your thoughts are with the government making their first step into crypto.