Browsing: compliance

Crypto was built on the promise of permissionless finance: no gatekeepers, no intermediaries, no paperwork. As crypto’s adoption grew, that original vision ran headlong into the reality of the traditional financial system. With no accountability, crypto quickly became a target for money laundering, sanctions evasion, and terror financing. More than 15 years since Bitcoin was…

Any U.S. virtual asset service provider moving crypto above the applicable recordkeeping threshold must collect, verify, and transmit identifying information about both the sender and recipient before the transaction settles. That is the Travel Rule in one sentence. The rule’s formal name in international standards is FATF Recommendation 16, extended to virtual assets in 2019,…

DeFi compliance refers to the anti-money laundering, sanctions and risk management controls that apply when financial activity moves through decentralized finance (DeFi) protocols. It covers how businesses identify illicit finance and meet evolving regulatory expectations when interacting with smart-contract-based services like decentralized exchanges (DEXs), lending protocols and cross-chain bridges.