Paypal has joined the cohort of U.S. virtual asset service providers that compromise the TRUST network, created to ensure cryptocurrency service providers comply with important anti-money laundering rules.
of 18 United States virtual asset service providers in February, with heavy hitters such as Coinbase, Paxos, Circle, Kraken and Robinhood participating from the get-go. The number has since expanded to 38 now that PayPal has joined the ranks.
“The addition of PayPal marks another milestone in TRUST’s journey to become the global, industry-standard solution for Travel Rule compliance,” Coinbase noted in a Tuesda announcement. Under the Bank Secrecy Act rule 31, more commonly known as the Travel rule, U.S. VASPs are legally required to pass on specific information relating to customer fund transfers from one financial institution to another. The threshold for identifying fund transfers, and the people behind them, start at $1,000.
Big day for the Travel Rule Universal Solution Technology network as we welcome digital payment leader
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The 3 Elements of TrustAs a leader, you want the people in your organization to trust you. And with good reason. In our coaching with leaders, we often see that trust is a leading indicator of whether others evaluate them positively or negatively. But how to create that trust, or perhaps more importantly, how reestablish it when you’ve lost it isn’t always that straightforward. By analyzing over 80,000 360-degree reviews, the authors found that there are three elements that predict whether a leader will be trusted by his direct reports, peers, and other colleagues. These are positive relationships, consistency, and good judgment/expertise. When a leader was above average on each of these elements, they were more likely to be trusted, and positive relationships appeared to be the most important element in that, without it, a leader’s trust rating fell most significantly. Trust is an important currency in organizations and any leader would be wise to invest time in building it by focusing on these three elements.
Weiterlesen »
Prince Charles Just Expanded His Biggest Passion in a New Business Venture the Royals Have Never Done BeforeTrust us when we say you won't be able to guess what business venture Prince Charles is trying his hand at right now.
Weiterlesen »
Babel Is an Ambitious Epic That Doesn’t Trust Its Audience Enough.LacyMB reviews Babel, an ambitious fantasy epic that's like nothing else you'll read this year---but that doesn't fully trust its audience to understand its complex themes.
Weiterlesen »
Dan Harmon Reveals How Ricky & Morty Taught Him To Trust CollaboratorsCo-creator of Rick and Morty Dan Harmon reveals how the Adult Swim series helped him loosen the creative reigns and trust his collaborators.
Weiterlesen »
Bankrupt Crypto Lender Celsius Sues Prime Trust Over $17M in TokensCelsius sued its former business partner Prime Trust over $17 million in BTC, ETH, CEL and USDC that the embattled lender claims it is owed. realDannyNelson reports
Weiterlesen »