OrangeX is proud to announce that we are the newest member of the VerifyVASP Alliance. Joining this alliance is a crucial step toward complying with Travel Rule requirements, as we continue to facilitate cryptocurrency transfers for our users in accordance with the Financial Action Task Force (FATF) standards.
VerifyVASP strives to provide a best-in-class travel rule solution for virtual asset service providers (VASPs) to facilitate their compliance with the travel rule requirements across jurisdictions. FATF R.16 established travel rule requirements which are being made into laws and regulations around the world, necessitating its compliance. Travel rule requires the sharing of transaction and personal identifying data between VASPs, immediately and securely. In the implementation of a travel rule solution, consideration to individuals’ privacy and data protection is imperative. The solutions deployed by VerifyVASP will allow OrangeX to become fully travel rule compliant in a cost effective and accessible manner.
OrangeX has always prioritized legality and compliance in its global operations. With this membership, we can ensure that our operations adhere to the highest security and compliance standards while expanding our international reach. We are dedicated to creating one of the industry's premier global compliance operation platforms, offering the most compliant, secure, and professional virtual asset trading services for users worldwide.
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