Welcome back to another edition of Shyft Dev Deep Dive, the go-to source for the most current tech developments and updates across the Shyft ecosystem. August has been a period of meticulous work and focus, as our Product & Engineering team has been dedicated to one pivotal initiative in particular…

FATF Travel Rule compliance is now mandatory for UK-based Virtual Asset Service Providers. The fragmented adoption of the Travel Rule globally poses significant compliance challenges. Technological solutions like Shyft Veriscope are essential for seamless, cross-jurisdictional compliance. As of September 1st, the FATF Crypto Travel Rule has been implemented in the…

A Travel Rule Solution streamlines compliance with FATF’s crypto transaction guidelines, specifically designed for Virtual Asset Service Providers (VASPs). Travel Rule Solutions bridges the gap between regulatory requirements and the decentralized nature of cryptocurrencies. A well-designed Travel Rule Solution, like Shyft Veriscope, is a balance of data security, interoperability, and…

Welcome to the latest edition of our Veriscope crypto regulatory newsletter, where we navigate the intricate maze of rules and developments shaping the future of digital currencies worldwide. In today’s edition, we kick off with the United Kingdom’s stringent new rules following FATF guidelines and contrast that with New Zealand’s…

South America, home to over 440 million people across twelve nations and three territories, comprises roughly 5.47% of the global population. Yet, when discussions turn to cryptocurrencies, attention predominantly shifts to the Western World and the emerging Asian economies. …

Crypto regulations vary globally: Japan embraces it, China resists, the EU introduces MiCA for uniformity, and the US grapples with overlapping jurisdictions. Countries like Switzerland, Singapore, and Bermuda are pioneering progressive crypto approaches, blending innovation with robust oversight. Despite the global patchwork of regulations, a cohesive international framework remains elusive…

The European Union’s Transfer of Funds Regulation (TFR) is set to come into force by December 2024. And given its transformative nature and implications for cryptocurrency operations, immediate attention is a must. Key Takeaways: The Essence of the TFR: Following the FATF Travel Rule, the TFR is crafted to combat money laundering…

US crypto regulations are multi-layered and involve multiple agencies, requiring strict adherence to specific laws and registration. Crypto regulations vary significantly across the US states, leading to different compliance requirements for Virtual Asset Service Providers (VASPs), such as exchanges. Compared to the UK, EU, Japan, Singapore, and Hong Kong, the…

Welcome to Veriscope, our biweekly global crypto regulatory update, providing you with the latest news from the world of cryptocurrency regulation. In this edition, we are zeroing in on key regulatory updates that are shaping the global crypto landscape. From the US, where a renewed push for the Responsible Financial…