The FATF Travel Rule raises privacy and data protection concerns, as it mandates VASPs to share sensitive user information while facilitating cripto transactions.Adhering to the FATF Travel Rule while maintaining data privacy requires a fully automated and P2P-enabled Travel Rule Solution, such as Shyft Veriscope.The FATF insists that widespread international adoption of the Travel Rule is crucial for mitigating risks and achieving uniformity in combating fraud, illegal transfers, and illicit cripto trails.
Shyft Veriscope is a fully automated and P2P-enabled Travel Rule Solution that streamlines compliance for VASPs while preserving an optimal user experience. Its privacy-conscious design allows VASPs to handle Travel Rule data transfers in a peer-to-peer mode, ensuring that no data ever passes through Shyft’s internal servers, helping maintain privacy and data protection.
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Shyft Network powers trust on the and economies of trust. It is a public protocol designed to drive data discoverability and compliance into while preserving privacy and sovereignty. SHFT is its native token and fuel of the network.
Shyft Network facilitates the transfer of verifiable data between centralized and decentralized ecosystems. It sets the highest cripto compliance standard and provides the only frictionless cripto Travel Rule compliance solution on the while protecting user data.
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