Article: The Travel Rule and its Impact on Cryptocurrency: A Simple Explanation of differences between FATF and the Swiss approach published by FINMA

Article: The Travel Rule and its Impact on Cryptocurrency: A Simple Explanation of differences between FATF and the Swiss approach published by FINMA

Thursday, 7 January, 2021

Authors: Dr. Katharina Lasota Heller & Allison Fromm

 

The Travel Rule, designed to monitor suspicious transactions, obliges financial institutions to share information about a transaction originator and beneficiary. How does it impact cryptocurrencies in Switzerland? Back in 2019, Swiss FINMA following the FATF decided to take a “technology-neutral” approach and applied AML regulations  to VASPs, generally allowing transactions only between countries with AML in place without exceptions accepted by FATF.

Here you will find the full version of the article

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