Discover and read the best of Twitter Threads about #vasps

Most recents (10)

1/ Exciting news for VASPs (Read: #crypto businesses)! 🤩

We're launching #VeriscopeIaC, a powerful solution 💪 streamlining the Veriscope server deployment process. 🚀

More details here 👉 tinyurl.com/y45ebf4n Image
2/ It integrates with popular platforms & tools like #AWS, #Terraform, and #Ansible, & is flexible enough to work with other cloud platforms too! ☁️🔧

 VASPs, get ready to experience smooth deployment, from setup to usage! 🌟
3/ Follow our comprehensive guide 📖 and your Veriscope Server will be up & running in no time! ⏱️ 

Dive into the "infra" folder 📂 in the Veriscope repo to find the IaC magic. ✨

Veriscope IaC makes managing multiple environments (test, dev, staging, prod) a breeze! 🍃💻
Read 6 tweets
1/ Hello Shyftoshis! We're thrilled to announce our first 2023 monthly overview 🎉

Join us as we review our progress and set the tone for a productive new month 💪

From dev integrations and updates to community campaigns, it is a productive start to the year 🚀🌟
2/ Knowledge is power 💡 We keep educating our community and publish 30 blogs on:

CBDCs ✅️

China 🇨🇳 tinyurl.com/China-CBDC

India 🇮🇳 tinyurl.com/India-CBDC

Australia 🇦🇺 tinyurl.com/Australia-CBDC

Norway 🇳🇴 tinyurl.com/Norway-CBDC

+ more👉 medium.com/shyft-network
3/ We extensively follow the crypto regulations and their impact on user privacy in our Weekly Veriscope Regulatory Recap!

We analyzed:

Crypto Winter❄️ tinyurl.com/Regulators-Cry…

HK eyes on regional crypto hub 👀 tinyurl.com/Hong-Kong-Cryp…

Subscribe 👉shyft-network.beehiiv.com/subscribe
Read 8 tweets
1/ We have reached part-7 of the Shyft Office Hours Wrap-up Recap series.

And now, we move into the Q&A session that was conducted near the end of the Office Hours. 🎤

So, let's dive straight into it. 👀
2/ Question: In light of the current slow adoption of the FATF Travel Rule, what can Shyft Veriscope do to accelerate its adoption by #VASPs⁉️

@josephweinberg: Pushing Travel Rule adoption in a way that would prove to be negative for the #crypto ecosystem is a big NO for me❗️
@josephweinberg 3/ Instead, the preferred approach would be a more stable & safe one. 

After all, the impact would be considerably big. 💡

How big? 🤔 

5X-10X more in magnitude in terms of daily data transmission on Shyft❗️
Read 9 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. 👀
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👇

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.
Read 11 tweets
1) Part 2(3)

Having understood the basics of Shyft Discover & Veriscope Share, it's time to understand how VASPs use them! 

However, for today, we will only focus on Shyft Discover’s workflow. Let's go.
2) It all starts with a customer requesting to withdraw his funds from a VASP (read: crypto business). 👀

Before we move forward, let's understand a few terms:

The VASP that the customer withdraws funds from is called Originating VASP or oVASP.
3) And the VASP receiving the funds from the Originating VASP is called Beneficiary VASP or bVASP.

Now, when a customer requests to withdraw his funds from oVASP, the oVASP sends an attestation to the Shyft Network.
Read 11 tweets
1️⃣ Yesterday we looked at the address attribution challenge that #VASPs face while complying with the Travel Rule.

So today, we will look at its solution!💡

And which solution are we talking about? Well, of course, Shyft Discover 🔎

Let's see what it is all about! 👀
2️⃣ Shyft Discover enables a VASP to know who their counterparty VASP is! 🔎

But why is it so important? 🤔 Under the Travel Rule, #VASPs have to share user data along with the crypto transaction.

And it goes without saying user data is sensitive information.
3️⃣ So, if an originator VASP doesn't identify & verify the beneficiary VASP:

It may end up sharing critical information with a wrong VASP with dubious intentions. 🚨

And that will mean a data privacy breach. ⚠️
Read 6 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.
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 🚨
3) These issues put #VASPs in a fix!

So, what is the Attribution problem? 🤔

It refers to the difficulty beneficiary #VASPs face in proving they own the respective wallet address

And thus, Originator VASPs, too, have no way to verify the identity of counterparty #VASPs
Read 10 tweets
#ICA published a report recently on managing #crypto regulatory and financial crimes compliance risks 📃

It consisted of expert opinions on the matter 😇

And one of them was Shyft's very own Malcolm Wright @Malcolm_1111 Image
@Malcolm_1111 Interestingly, Malcolm had a lot to say about people who call #crypto a #ponzi scheme!

Those people, according to @Malcolm_1111 are oblivious to the "depth & transformational" capabilities of the changes that #cryptocurrencies have initiated Image
@Malcolm_1111 That is not to say that all is good within the #crypto space 

It, too, has its share of malicious actors 🚨 

However, crypto assets are leading us to a new era of finance by banking on technological advancement, believes @Malcolm_1111
Read 12 tweets
1) We have an exciting update to share! 🥳🎊🎉

🥁🥁 Shyft Veriscope has rolled out a new feature called Address Proofs 🥁🥁

We are leveraging Address Proofs to solve two major problems #VASPs face while complying with the #TravelRule:

⚠️ Attribution 
⚠️ Data Security
2) How will #VASPs benefit from "Address Proofs"? 🤔 

- It will enable beneficiary VASPs to prove they control the #crypto wallet address ✅ 

- This will further help ensure that Originator VASPs share critical #TravelRule data only with the right party ✅
3) - Address proofs will also help VASPs comply with the local data protection rules they are subjected to

Want to know more about Address proofs? Visit here: tinyurl.com/27ru6e5z

And contact our BD team here for a discussion: shyft.network/contact
Read 4 tweets
Web sitem yayına hazır: celilozturk.com

Yazılarımı blog sayfamda güncel olarak takip edebilirsiniz.

Bu #Flood altında yazılarımı ve sitede "Kaynaklar" kısmına ekleyeceğim "kriptoparalar" ve "blokzincir teknolojileri" ile ilgili yararlı kaynakları takip edebilirsiniz.
2. Blog sayfasında: yazılarım yer alacak,

Kaynaklar sayfasında;
- Kriptoparalar,
- Akıllı sözleşme geliştirme,
- Akıllı sözleşme güvenliği,
- Yararlı Bültenler ( @LibraryDefi @kripto_kurator @BanklessHQ gibi)

gibi başlıklar altında yararlı kaynaklar olacak ve güncellenecek.
3. “Big Brother is Watching Blockchain: Blockchain Gözetim Pazarı"

- Blokzincir gözetimi neden önemli?
- Blokzincir gözetim pazarı neden hızlı bir şekilde büyüyor?
- Gizlilik açısından yansımaları neler?

#Privacy #Blockchain #Analysis
celilozturk.com/big-brother-is…
Read 22 tweets

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