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Elliptic And CooBitX Addresses FATF’s Travel Rule Through Partnership

CoolBitX, a fintech company, may start offering a solution for various countries that have yet to comply with the “travel rule” that the Financial Action Task Force (FATF) has mandated in regards to crypto. Joining Forces For Complete Solutions CoolBitX shared a statement with CoinTelegraph on the 21st of July, 2020. In this statement, the blockchain security firm announced a partnership with Elliptic, a crypto forensics firm, in order to address the anti-money laundering (AML) regulations that the FATF has mandated in its travel rule. Particularly, these regulations pertain to virtual asset service providers or VASPs. Through this partnership, VASPs…

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