The most up-to-date information, news, and insider details from the Shyft editorial team. Interested in learning more about Shyft and what the team is currently working on? You've come to the right place.
Shyft Network, the trust protocol, has entered into a partnership with GetBit to support scalable regulatory readiness
Although Mexico has yet to create a comprehensive regulatory framework, it focuses on combating money laundering and terrorist financing
The Indonesian government has been taking active steps over the past few years towards adopting the FATF Travel Rule
In Canada, the FATF Travel Rule came into force in June 1st, 2021 and applies to electronic funds and virtual currency transfers.
Giottus, one of India's leading cryptocurrency exchanges, has integrated Shyft Veriscope as its FATF Travel Rule Solution
Singapore and Brazil are revising their stand toward cryptocurrencies, which is reflected in their regulatory responses.
India amended its anti-money laundering law to include cryptocurrencies, requiring KYC checks and reporting of transactions.
The recent FATF report revealed that less than 70% of its member jurisdictions globally had implemented the FATF Travel Rule.
In South Korea, the Financial Services Commission (FSC) serves as the primary regulatory authority, ensuring crypto compliance
Malaysia classifies crypto as a security and requires those involved in crypto activities to adhere to FATF’s Travel Rule requirements.
