Key Takeaways

  • Crypto.com has joined IDAXA, an regulatory and standards organization.
  • The group will meet next week to discuss FATF’s Recommendation 16, also known as the “Travel Rule.”
  • It is unlikely that this will affect Crypto.com users directly.

Share this article

Crypto.com has joined the international Digital Asset Exchange Association (IDAXA), which sets standards and discusses regulations around cryptocurrency exchanges.

Crypto.com Will Discuss Travel Rule

IDAXA Chairman Anson Zeall has welcomed Crypto.com to the organization. He notes that the firm is one of the largest crypto companies globally, has a presence in major global markets, and that its values are in line with those of IDAXA.

Meanwhile, Crypto.com CCO Antonio Alvarez explains that Crypto.com’s membership in IDAXA is part of the firm’s desire to “[accelerate] the world’s transition to cryptocurrency.”

He adds that Crypto.com will take part in the discussion of the Financial Action Task Force’s (FATF) Recommendation 16.

That recommendation is also called “The Travel Rule,” which sets rules around whether assets must self-declare assets when they travel across borders. That development is set to be discussed next week at a V20 summit in Riyadh, Saudi Arabia.

Other members of IDAXA include the Singapore Cryptocurrency and Blockchain Industry Association, Blockchain Australia, the Hong Kong Blockchain Association, and Switzerland Crypto.

Will This Benefit Crypto.com Users?

Though discussion around the Travel Rule might affect the cryptocurrency industry, it is not clear that changes to those rules will directly impact Crypto.com’s services.

Like many other regulations, the Travel Rule requires exchanges and other companies to collect information about transaction participants. Those rules have been in effect since 2019, and compliance has mostly taken place behind the scenes.

Other efforts, including the United States Travel Rule Working Group and Ciphertrace TRISA, also comply with regulations.

As such, it is unlikely that users of Crypto.com and other exchanges will notice any differences as various blockchain companies work to comply with changing regulations.

Share this article

136 COMMENTS

  1. You’re so awesome! I don’t believe I’ve truly read through something like this before. So great to discover somebody with unique thoughts on this subject matter. Really.. many thanks for starting this up. This website is something that is needed on the web, someone with some originality!|

  2. Do you have a spam issue on this website; I also am a blogger, and I was wondering your situation; we have developed some nice procedures and we are looking to trade strategies with other folks, why not shoot me an email if interested.|

  3. Magnificent beat ! I wish to apprentice even as you amend your web site, how could i subscribe for a weblog web site? The account aided me a applicable deal. I had been tiny bit acquainted of this your broadcast offered brilliant transparent concept|

  4. Hello, after reading this awesome paragraph i am as well happy to share my experience here with mates.|

  5. We’re a group of volunteers and starting a brand new scheme in our community. Your site provided us with valuable information to work on. You’ve performed an impressive process and our entire neighborhood will probably be thankful to you.|

  6. Really no matter if someone doesn’t know then its up to other viewers that they will assist, so here it takes place.|

  7. It’s not my first time to go to see this web page, i am browsing this web page dailly and take good data from here all the time.|

  8. naturally like your website however you need to take a look at the spelling on quite a few of your posts. Several of them are rife with spelling problems and I find it very bothersome to tell the reality on the other hand I will definitely come back again.|

  9. Heya i’m for the first time here. I came across this board and I in finding It really helpful & it helped me out a lot. I hope to give one thing back and help others like you helped me.|

  10. Magnificent website. Plenty of useful information here. I’m sending it to several buddies ans additionally sharing in delicious. And naturally, thanks on your sweat!|

  11. Magnificent beat ! I wish to apprentice while you amend your site, how can i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea|

  12. Hi there, yes this post is genuinely pleasant and I have learned lot of things from it concerning blogging. thanks.|

  13. Undeniably believe that which you stated. Your favorite reason appeared to be on the internet the easiest thing to be aware of. I say to you, I certainly get annoyed while people consider worries that they just don’t know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side-effects , people can take a signal. Will likely be back to get more. Thanks|

  14. It’s a pity you don’t have a donate button! I’d without a doubt donate to this outstanding blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will talk about this site with my Facebook group. Talk soon!|

  15. Superb blog! Do you have any suggestions for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely confused .. Any recommendations? Appreciate it!|

  16. What’s up, all the time i used to check blog posts here in the early hours in the morning, because i enjoy to find out more and more.|

  17. Great blog right here! Also your web site quite a bit up fast! What host are you the usage of? Can I am getting your associate link to your host? I want my web site loaded up as fast as yours lol|

  18. I think that what you posted was actually very reasonable. But, what about this? what if you added a little information? I ain’t saying your content isn’t solid, however what if you added a title to possibly get folk’s attention? I mean BLOG_TITLE is a little boring. You might peek at Yahoo’s home page and watch how they create news headlines to grab people to click. You might add a video or a related pic or two to grab readers interested about what you’ve written. Just my opinion, it would make your website a little livelier.|

  19. I will right away clutch your rss feed as I can’t find your e-mail subscription link or newsletter service. Do you have any? Please let me recognize in order that I could subscribe. Thanks.|

  20. Have you ever considered about including a little bit more than just your articles? I mean, what you say is important and all. But just imagine if you added some great visuals or video clips to give your posts more, “pop”! Your content is excellent but with images and videos, this blog could undeniably be one of the very best in its field. Good blog!|

  21. Aw, this was a really nice post. Taking the time and actual effort to create a very good article… but what can I say… I hesitate a whole lot and don’t seem to get nearly anything done.|

  22. Hey there! Do you use Twitter? I’d like to follow you if that would be ok. I’m undoubtedly enjoying your blog and look forward to new posts.|

  23. Hey I am so grateful I found your webpage, I really found you by accident, while I was researching on Yahoo for something else, Regardless I am here now and would just like to say kudos for a marvelous post and a all round enjoyable blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the awesome b.|

  24. Spot on with this write-up, I seriously believe this amazing site needs much more attention. I’ll probably be returning to read more, thanks for the advice!|

  25. I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an shakiness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike.|

  26. Hi there to every one, the contents present at this web site are actually remarkable for people knowledge, well, keep up the good work fellows.|

  27. I’m amazed, I have to admit. Seldom do I come across a blog that’s both educative and engaging, and let me tell you, you have hit the nail on the head. The problem is something not enough folks are speaking intelligently about. I’m very happy I found this during my hunt for something relating to this.|

  28. This design is incredible! You most certainly know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you presented it. Too cool!|

  29. Heya! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no backup. Do you have any solutions to stop hackers?|

  30. Very soon this web site will be famous among all blogging users, due to it’s fastidious articles or reviews|

  31. Thanks for sharing your thoughts. I truly appreciate your efforts and I am waiting for your next write ups thank you once again.|

  32. I got this site from my pal who informed me on the topic of this website and now this time I am visiting this web page and reading very informative articles at this time.|

  33. Howdy would you mind letting me know which web host you’re using? I’ve loaded your blog in 3 completely different web browsers and I must say this blog loads a lot quicker then most. Can you suggest a good hosting provider at a reasonable price? Kudos, I appreciate it!|

  34. Today, I went to the beach front with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!|

  35. Link exchange is nothing else except it is simply placing the other person’s blog link on your page at proper place and other person will also do similar for you.|

  36. I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Exceptional work!|

  37. I am regular reader, how are you everybody? This piece of writing posted at this web site is genuinely nice.|

  38. Fine way of explaining, and good piece of writing to take information on the topic of my presentation subject, which i am going to convey in university.|

  39. Its like you learn my thoughts! You seem to understand so much approximately this, like you wrote the e book in it or something. I believe that you simply can do with a few to pressure the message home a bit, however instead of that, that is great blog. An excellent read. I’ll definitely be back.|

  40. With havin so much content do you ever run into any problems of plagorism or copyright violation? My blog has a lot of completely unique content I’ve either created myself or outsourced but it looks like a lot of it is popping it up all over the internet without my permission. Do you know any techniques to help reduce content from being ripped off? I’d truly appreciate it.|

LEAVE A REPLY

Please enter your comment!
Please enter your name here