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Crypto.com Becomes First Firm to Incorporate CipherTrace Tool To Comply With New FATF Travel Rule

source-logo  coingape.com 03 May 2021 16:55, UTC

crypto.com, a Hong Kong-based cryptocurrency payment platfrom with over a 3 million user base has become the first firm to use CipherTrace’s new traveler tool to comply with FATF’s global Anti-Money Laundering (AML) travel rule laws. The newly updated FATF guidelines are considered to be quite complex and thus a compliant solution from CipherTrace makes it easier for crypto companies to adhere to the updated regulations.