US Crypto Giants Build First Version of FATF-Compliant ‘Travel Rule’ Tool

From coindesk.com

A group of the largest U.S. cryptocurrency exchanges and custodians have been tackling the challenges of bringing digital assets in line with anti-money laundering (AML) rules as they exist in traditional finance. Now they say they have an answer. One hurdle is how to share customers’ personally identifiable information (PII) when regulated firms move cryptocurrency around, a Financial Action Task Force (FATF) provision known as the “Travel Rule.” The first version of a proposed solution to this problem has been built by a team of engineers from BitGo, Coinbase, Gemini, Kraken and Fidelity, all members of the ... (full story)