BitMEX Joins TRUST Solution to Expand Travel Rule Capabilities

April 15, 2023

As of this week, we joined the Travel Rule Universal Solution Technology (TRUST), an industry-driven Travel Rule compliance solution for global virtual asset service providers (VASPs). For context, the Travel Rule requires VASPs to collect and exchange identifying information on the originator and beneficiary, when conducting transactions with other obliged financial entities. With a growing implementation of the Travel Rule internationally, it is now crucial for VASPs to be able to exchange required data with each other in a safe and secure way. The TRUST Solution facilitates this process across global markets while protecting the security and privacy of its members. As we adapt to the evolving regulatory environment, TRUST will broaden our existing Travel Rule capabilities, supporting us to provide a safe and reliable trading experience for our growing community as we actively work to expand to other jurisdictions worldwide.”“Compliance with the Travel Rule is key to a strong compliance programme.

The source of this news is from BitMEX