Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm CipherTrace.
Binance, the world’s top-ranked crypto exchange by daily trading volume, has faced a quick succession of bans on its operations in three different jurisdictions: Ontario, Canada; Japan; and the United Kingdom. While affected users continue to adjust to these quickfire developments, the platform appears to be stepping up its efforts to comply with international regulatory requirements — specifically, the industry-shaping so-called “Travel Rule.”The Travel Rule, introduced by the Financial Action Task Force (FATF), requires regulators and virtual asset providers (VASPs) — including crypto exchanges, custody providers and over-the-counter trading desks — to gather and share customer data during transactions. The rule came into effect in 2020 and broadly
Źródło: https://cointelegraph.com/news/binance-tackles-travel-rule-compliance-after-multiple-bans
