Tether Partners With Identity Startup Notabene on Travel Rule Compliance

Posted on by American Coins & Gold

Tether Partners With Identity Startup Notabene on Travel Rule Compliance
Stablecoin issuer Tether is taking steps to be more compliant with global crypto regulations.Tether announced on Tuesday that it has begun a trial partnership with Notabene, a digital identity startup that provides know-your-customer (KYC) infrastructure to crypto exchanges, to help it comply with the Financial Action Task Force (FATF)’s “travel rule,” which requires financial institutions to exchange KYC information for both senders and recipients of relevant transactions.The Paris-based global, money-laundering watchdog’s guidelines for crypto compliance have expanded to include exchanges and stablecoin issuers, which it calls virtual asset service providers, or “VASPs”.Tether’s trial partnership with Notabene comes as the stablecoin…