Discover and read the best of Twitter Threads about #shyft
Most recents (2)
Dec 16th 2022
Read 11 tweets
1/ Part 3(2)
This week, we already covered #Shyft Discover's Know Your VASP capability.
And today, we will look into how Shyft Discover solves the address attribution problem. 👀
This week, we already covered #Shyft Discover's Know Your VASP capability.
And today, we will look into how Shyft Discover solves the address attribution problem. 👀
2/ If you have been with us since day 1 of the Veriscope campaign, you will know we looked into the basics of address attribution in the early days of the campaign.
If not, visit our previous 🧵 on address attribution below👇
If not, visit our previous 🧵 on address attribution below👇
3/ Address attribution basically means accurately verifying the beneficiary VASP’s wallet address 🔎
Why is it important❓👇🏼
It enables VASPs (read = #crypto businesses) to verify whether the counterparty VASP is indeed the correct party or not.
Why is it important❓👇🏼
It enables VASPs (read = #crypto businesses) to verify whether the counterparty VASP is indeed the correct party or not.
Nov 14th 2022
Read 10 tweets
1) Although published in 2019, very few countries have enforced the #FATF Travel Rule till now!
But that will change soon as ⚠️ Crypto #regulations are discussed at as high a level as the #G20.
And #Shyft will be there to educate policymakers and look for regulatory solutions.
But that will change soon as ⚠️ Crypto #regulations are discussed at as high a level as the #G20.
And #Shyft will be there to educate policymakers and look for regulatory solutions.
2) Once countries begin enforcing the crypto regulations, including the Travel Rule, #VASPs will have no option but to comply
However, there are some major issues that must be highlighted during Travel Rule compliance:
#1 Attribution 🚨
#2 Data Transfer 🚨
However, there are some major issues that must be highlighted during Travel Rule compliance:
#1 Attribution 🚨
#2 Data Transfer 🚨
