Trading Notes | Crypto Industry Regulation
① In June 2019, the Financial Action Task Force (FATF) extended the “Travel Rule” to virtual asset service providers.
② The “Travel Rule” requires service providers to collect and transmit basic identity information about the sender and recipient when transferring funds.
③ Stay away from services claiming they can “bypass identity verification” or “complete verification on your behalf.” These practices can lead to frozen accounts or even asset losses.
$BTC 81257.76 (-0.65%)
① In June 2019, the Financial Action Task Force (FATF) extended the “Travel Rule” to virtual asset service providers.
② The “Travel Rule” requires service providers to collect and transmit basic identity information about the sender and recipient when transferring funds.
③ Stay away from services claiming they can “bypass identity verification” or “complete verification on your behalf.” These practices can lead to frozen accounts or even asset losses.
$BTC 81257.76 (-0.65%)