Travel Rule at Scale: VerifyVASP Achieves 10M Verifications Worth USD 200B
Oct 08, 2024
Singapore, October 8: VerifyVASP, a leader in virtual asset compliance solutions, has reached significant milestones in Travel Rule implementation: $200 billion of verified transfers processed across 10 million successful verifications since its inception in 2022. The Travel Rule is an AML/CFT regulatory requirement mandating that financial institutions and virtual asset service providers (VASPs) share and verify certain user information when transferring funds or virtual assets according.
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