Netki Adapts TransactID Into Fits-All Solution for FATF Travel Rule Guidance

January 01, 2023

As cryptocurrency service providers rush to find solutions for the FATF travel rule guidance, they may already have a ready-to-deploy solution from Netki. As cryptocurrency service providers rush to find solutions for the FATF travel rule guidance, they may already have a ready-to-deploy solution from Netki. “Our solution meets global regulatory requirements today, without requiring the regulator to change,” Netki CEO Justin Newton told Bitcoin Magazine. Unbeknownst to many, FinCEN actually indicted that cryptocurrency service providers were subject to the travel rule in 2013. Newton sees the travel rule, and officials’ cracking down on businesses that don’t heed it, as an “existential threat” to the cryptocurrency ecosystem.

The source of this news is from Netki