Trezor Adopts Swiss Travel Rule Protocol for Private Crypto Wallets

Posted on by American Coins & Gold

Trezor Adopts Swiss Travel Rule Protocol for Private Crypto Wallets
An automated way of sharing proof that a user owns a private cryptocurrency wallet when transacting with a regulated exchange in Switzerland is being integrated by hardware wallet Trezor.Developed by crypto startup 21 Analytics, the Address Ownership Proof Protocol (AOPP), which also works with wallets like BitBox and Edge, was designed to accommodate Swiss regulator FINMA’s enthusiastic implementation of anti-money laundering (AML) requirements for cryptocurrency firms. Going beyond the recommendations made by global AML watchdog, the Financial Action Task Force (FATF), crypto requirements in Switzerland include the identification of private wallets transacting with the country’s Virtual Asset Service Provider (VASPs).The…