TaekwondoPower
Fri Jul 19 2024
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7 answers
1466
Does Coinbase have a virtual asset service provider (VASP)?
As a cryptocurrency enthusiast and investor, I'm curious about the regulatory compliance of major exchanges. With the increasing scrutiny on crypto platforms, I'm wondering if Coinbase, one of the leading cryptocurrency exchanges, has a virtual asset service provider (VASP) status. This status is often required in certain jurisdictions to ensure that exchanges are operating within the legal framework and adhering to anti-money laundering (AML) and know-your-customer (KYC) regulations. Having a VASP status would indicate that Coinbase is taking the necessary steps to ensure the safety and security of its users' funds. Could you elaborate on whether Coinbase holds such a status and what it means for its users?
Filippo
Tue Jul 09 2024
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7 answers
1740
How can VASP & crypto company directories improve travel rule compliance?
In today's ever-evolving cryptocurrency landscape, travel rule compliance has become a pivotal concern for Virtual Asset Service Providers (VASP) and crypto companies. Could you elaborate on how directories dedicated to these entities can aid in enhancing travel rule compliance? How do they help in identifying and verifying counterparties, ensuring smooth transactions while adhering to stringent regulatory requirements? Additionally, what role do such directories play in bridging the gap between traditional financial institutions and the crypto ecosystem, enabling a more secure and compliant flow of digital assets?
