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Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions

Fintech News

Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solutio n through the Global Travel Rule (GTR) Alliance.

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Sumsub Integrates Travel Rule Solution with Binance, Supporting VASPs Globally

The Fintech Times

Sumsub , a global full-cycle verification and compliance provider, has completed the integration of its Travel Rule solution with Binance , the crypto exchange platform, through the Global Travel Rule (GTR) Alliance. This alliance amplifies the trust, security, and transparency that our users can expect at Binance.”

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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

The Securities and Futures Commission (SFC) introduced a mandatory virtual asset service provider (VASP) licensing regime , a groundbreaking move allowing retail cryptocurrency trading for the first time. By the end of December 2023, a total of 31 cryptocurrency service providers had complied with the registration process.

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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

This trend highlights how criminals are exploiting the interoperability of different blockchain networks to further obscure the trail of illicit funds. Singapore’s Payment Services Act (PSA) brings crypto businesses under regulatory oversight, imposing strict AML/CFT requirements.