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1/ Part 3(2)
This week, we already covered #Shyft Discover's Know Your VASP capability.
And today, we will look into how Shyft Discover solves the address attribution problem. 👀
This week, we already covered #Shyft Discover's Know Your VASP capability.
And today, we will look into how Shyft Discover solves the address attribution problem. 👀
2/ If you have been with us since day 1 of the Veriscope campaign, you will know we looked into the basics of address attribution in the early days of the campaign.
If not, visit our previous 🧵 on address attribution below👇
If not, visit our previous 🧵 on address attribution below👇
3/ Address attribution basically means accurately verifying the beneficiary VASP’s wallet address 🔎
Why is it important❓👇🏼
It enables VASPs (read = #crypto businesses) to verify whether the counterparty VASP is indeed the correct party or not.
Why is it important❓👇🏼
It enables VASPs (read = #crypto businesses) to verify whether the counterparty VASP is indeed the correct party or not.
1) Although published in 2019, very few countries have enforced the #FATF Travel Rule till now!
But that will change soon as ⚠️ Crypto #regulations are discussed at as high a level as the #G20.
And #Shyft will be there to educate policymakers and look for regulatory solutions.
But that will change soon as ⚠️ Crypto #regulations are discussed at as high a level as the #G20.
And #Shyft will be there to educate policymakers and look for regulatory solutions.
2) Once countries begin enforcing the crypto regulations, including the Travel Rule, #VASPs will have no option but to comply
However, there are some major issues that must be highlighted during Travel Rule compliance:
#1 Attribution 🚨
#2 Data Transfer 🚨
However, there are some major issues that must be highlighted during Travel Rule compliance:
#1 Attribution 🚨
#2 Data Transfer 🚨
