G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye toward quickly implementing the “Travel Rule” for crypto assets.

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Latin American Travel Agency Despegar Begins Accepting Crypto Payments

Teaming with Binance Pay, the travel company will initially accept crypto in Argentina, with plans to roll this option out to additional countries.

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В Coinbase призвали активно выступить против поправок Евросоюза к Crypto Travel Rule

Руководство американской платформы Coinbase считает, что поправки в Crypto Travel Rule могут задушить инновации в отрасли. Директор по политике биржи Фарьяр Ширзад (Faryar Shirzad) призвал криптосообщество выступить против поправок Евросоюза к Crypto Travel Rule – рекомендациям по проведению международных криптовалютных транзакций.

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Alliance of 18 crypto firms rolls out the industry standard for Travel Rule compliance

Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.

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Coinbase собрала на одной платформе 18 криптокомпаний для соблюдения Crypto Travel Rule

На фоне ужесточения требований к борьбе с отмыванием денег криптовалютные компании запускают платформу для безопасного обмена данными о пользователях.

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Исследование: 70% компаний готовы к середине 2022 года соблюдать Crypto Travel Rule

Нью-Йоркская юридическая компания Notabene утверждает: 50% компаний мира считают, что регламенту международных транзакций тяжело соответствовать в условиях законодательной неопределенности и незрелости криптоотрасли.

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More fertile lands: Singaporean developer to set up over 1000 mining rigs in Malaysia

Many might be quarantining at home or living again under lockdown due to the Omicron variant of COVID-19. In the crypto sector, however, major travel and building plans are being drawn up. Crazy RichThe post More fertile lands: Singaporean developer to set up over 1000 mining rigs in Malaysia appeared first on AMBCrypto.

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Based On A Twitter Poll, Airbnb Users May Get Crypto Payment This Year

Brian Chesky, CEO of Airbnb has hinted that the popular travel home-booking company may soon accept crypto payments based on a recent Twitter poll. Chesky Says Users Want Crypto A growing number of businesses are making crypto payment available to their customers.

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Decentralized travel website Dtravel facilitates crypto bookings for over 250K destinations

Dtravel, a blockchain-based travel website will now permit customers to make payments in cryptocurrency. The post Decentralized travel website Dtravel facilitates crypto bookings for over 250K destinations appeared first on CryptoSlate.

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LYOTRAVEL: Pay Your Next Travel With Bitcoin

Most travel restrictions have been lifted and everyone is almost ready for the holiday season. Time to start checking travel destinations off the bucketlist. What better way to start traveling again than by using cryptocurrencies? LYOTRAVEL, a new venture brought to you by LYOPAY, aims to make traveling easier using cryptocurrencies. Travel’s Downhill Run, Crypto’sRead More

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DAOs and Digital Tokens Offer New Possibilities for Tourism

The travel industry is rife with intermediaries and centralized promotional efforts. However, the crypto and blockchain space offers decentralized solutions which allow for new interactions between people and places.

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Cardano's Africa: An early adopter, an experiment, or more of the 'C' word?

Crypto loves to travel. But, far from just surfacing at flashy fintech festivals, blockchains have now reached the world's most unbanked countries and territories. For instance, El Salvador was on The post Cardano's Africa: An early adopter, an experiment, or more of the 'C' word? appeared first on AMBCrypto.

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Crypto Adoption Boosts Travel: Travala Rises From The Ashes

Travala. com, the leading crypto-friendly travel platform, reported an “explosive growth” during the third quarter of 2021, and the use of cryptocurrencies played the main role. Its blockchain-based platform allows customers to realize payments in over 50 digital coins.

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Ariva: Crypto meets with the real World

Blockchain technology and by extension, cryptocurrencies have transformed traditional finance and become applied to different sectors globally. However, the travel and tourism industry is one of the fThe post Ariva: Crypto meets with the real World appeared first on AMBCrypto.

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UATP Joins Forces With BitPay, Bringing Crypto to Its Airline Members

The UATP global payment network has partnered with crypto payments processing company BitPay, to expand the reach of UATP to a wider global customer base by allowing customers to pay for travel using cryptocurrency.

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Ariva: Crypto Meets with the Real World

Blockchain technology and by extension, cryptocurrencies have transformed traditional finance and become applied to different sectors globally. However, the travel and tourism industry is one of the few sectors slow to adopt blockchain technology.

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Crypto Travel Rule Lacking Technology Solutions, Says Australian Home Affairs

The bureau will wait to develop more technology in order to ensure there are sufficient technical capabilities before implementing travel rules on cryptocurrencies. The post Crypto Travel Rule Lacking Technology Solutions, Says Australian Home Affairs appeared first on BeInCrypto.

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Crypto Compliance Platform Shyft Begins Mainnet Deployment with Binance, Deribit, Tether & Other Big Exchanges

The project has initiated the phased deployment of Veriscope, which will help VASPs determine the difference between honest transactions and data attacks to comply with FATF’s Travel Rule. The post Crypto Compliance Platform Shyft Begins Mainnet Deployment with Binance, Deribit, Tether & Other Big Exchanges first appeared on BitcoinExchangeGuide.

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FUN Token Is Now Accepted at Travala.com for Flight, Hotel, and Tour Bookings

FUN token holders can now book over 3,000,000 travel products in 230+ countries, boosting FUN adoption  FUNToken has partnered with the world’s leading crypto online travel agency; Travala. com.

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Book Flights, Hotels, and Tours With FUN Token at Travala.com

FUNToken has partnered with the world’s leading crypto online travel agency; Travala. com. The online travel agency has integrated FUN into the travel website’s platform.   The integration enables FUN token holders to book over 2.

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Applying Travel Rule to Crypto, EU Proposes Prohibition of Anonymous Cryptocurrency Transactions and Wallets

The European Union says ensuring “full traceability of crypto-asset transfers” would help the crypto-asset industry develop in the region “as it will benefit from an updated, harmonised legal framework across the EU.

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Qtum And Travala.Com’s New Partnership Offers $2000 Dream Weekend Getaway

Qtum, a performance, and high-security blockchain platform have announced its partnership with Travala. com a Binance-backed crypto-friendly travel book gateway. According to the announcement, the newly formed partnership seeks to help further crypto adoption to millions of people who use Travala.

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Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule

Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force.

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Binance tackles Travel Rule compliance after multiple bans

Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm CipherTrace.

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Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’

Just before the Financial Action Task Force (FATF) published the organization’s 12-month review, a working group called the Travel Rule Protocol (TRP) released its 2. 0 version of the TRP crypto application programming interface (API) in order to “simplify the end-user crypto exchange experience.

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Crypto.com to use CipherTrace tool to comply with FATF's travel rule

Crypto.com has chosen CipherTrace's specialized compliance tool to help it fulfill the complex requirements of the FATF's industry-shaping “travel rule.”

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Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos

Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform.

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NewsCrypto (NWC) Partners with Binance-backed Travala Enabling Exclusive Travel Deals for NWC Holders

NewsCrypto (NWC) allies with crypto–friendly travel booking platform Travala to give more utility to its native token. NewsCrypto Allies with Travala In what comes as a significant development in the NewsCrypto ecosystem, the exhaustive crypto-suite product has inked a deal with Binance-backed cryptocurrency travel platform Travala.

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Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022

Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation.

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Japan Set To Implement FATF Travel Rule for Crypto By 2022

Japan is set to tighten up cryptocurrency laws by implementing the Financial Action Task Force (FATF) travel rule. According to the Financial Services Agency (FSA), this will help tackle money laundering in the Asian country.

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Travel Giant Webjet (WEB:ASX) Enters Crypto through an Unprecedented $4.1M Deal with LockTrip.com

Australia-based superbrand Webjet recognizes the value potential of the blockchain startup LockTrip and joins its mission by securing the rights for up to a 51% stake in what is a unique deal for the blockchain space.

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Electroneum is the first crypto to work directly with LockTrip, a blockchain-based discount travel website

Electroneum has become the first cryptocurrency startup to partner directly with LockTrip, the European blockchain-based travel website offering discounts of up to 60% at over 2.1...

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Travala.com adds Monero (XMR) as a payment option

Travala. com (AVA), a crypto-friendly travel booking operator, has announced an additional option for travelers to pay for booking through Monero (XMR). Although XMR may not be very popular with real-world platforms, the privacy-oriented cryptocurrency has made an impression with Travala, which has a good relationship with other crypto assets.

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‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule

Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.

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What the COVID-19 pandemic has taught crypto community about curbing our emissions

We should encourage more climate-friendly practices, including less air travel, and the crypto community can be a great example of it.

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BitMEX Introduces Data Storage Framework for FATF’s Travel Rule

Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges.

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Online Travel Agency Travala Taps Binance Pay for Crypto Payments

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Crypto exchange DigiFinex joins Sygna Alliance to comply with FATF Travel Rule and Singapore regulations

DigiFinex, a crypto asset trading platform, today announced it has joined the Sygna Alliance as the 25th member and completed the integration of CoolBitX’s market-ready compliance solution, Sygna Bridge.

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Crypto.com makes two key partnerships aimed at bettering its platform

Crypto. com, a project that seeks to offer users an alternative to traditional financial services, recently announced that it had joined hands with Booking. com. The firm unveiled this news through a blog post on January 11, noting that this partnership seeks to offer its users a variety of travel deals.

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Crypto.com announces partnership with Booking.com to offer exclusive travel discount

Top crypto exchange Crypto. com is partnering with travel booking website Booking. com to offer users an exclusive discount. With the partnership, users of the Crypto. com app will enjoy a 25% discount on all accommodation reservations made from the app.

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Crypto.com Partners With Booking.com for Travel Discounts

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US Treasury Proposal Applies Travel Rule to Crypto

The US Treasury Financial Crimes Enforcement Network (FinCEN) released a proposal that aims to close loopholes regarding the movement of digital assets. In the announcement on the release, FinCEN also requested input from the public.

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Crypto users speak out on proposed change to FinCEN Travel Rule

“This proposal, if adopted, would prove to be an invasion of privacy."

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BitPay and Travala.com Launch Crypto Travel Gift Card

Bitpay, a cryptocurrency payment service provider based out of Atlanta, Georgia, and in operation since 2011, has joined forces with Travala. com, a leading cryptocurrency-friendly travel booking service.

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Airbnb plays blockchain buzz-word bingo in $1B IPO filing with SEC

Meanwhile, crypto firms are genuinely trying to revive the badly-hit travel sector using distributed-ledger technology.

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Crypto.com Joins Crypto Association Heading Travel Rule Discussions

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Crypto firms still not widely adopting ‘travel rule,’ says FATF deputy

David Lewis, executive secretary and G20 deputy at the Financial Action Task Force, says crypto firms still have a long way to go before they're compliant.

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What does FinCEN's amended Travel Rule threshold mean for crypto?

The United States' Financial Crimes Enforcement Network released a proposed rule change this October that lowered the threshold for Travel Rule information sharing and retention from $3,000 to $250 foThe post What does FinCEN's amended Travel Rule threshold mean for crypto? appeared first on AMBCrypto.

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Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper

A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply with the FATF Travel Rule.

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