Notabene's Sunrise plan seamlessly facilitates Travel Rule compliant data exchanges across jurisdictions.
NEW YORK, June 8, 2022 /PRNewswire/ -- On a mission to enable safe, secure, and private crypto transactions, industry-leading Notabene announced today the launch of a Sunrise Plan to allow Virtual Asset Service Provider (VASP) counterparties to respond to Travel Rule data transactions for free. From its inception, Notabene has prioritized a pragmatic approach to Travel Rule compliance and aims to help the 32k+ service providers (Source: VASPnet) worldwide comply with the latest AML requirements.
The "sunrise period" refers to the period during which the Travel Rule is not in full effect across jurisdictions, which causes variation in stages of implementation across VASPs. During sunrise, many companies are not yet prepared to perform the Travel Rule or have the infrastructure to respond to Travel Rule requests, yet a company is not fully compliant if its counterpart does not...
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