Post
Topic
Board Altcoin Discussion
Re: OkEx Korea removes all privacy coins
by
qwizzie
on 18/09/2019, 23:17:46 UTC
I would be interested to see if instead of delisting coins they choose to implement TRISA framework

I just came across the TRISA news myself. Its very interesting.

CipherTrace unveils open source solution for crypto Travel Rule compliance ‘TRISA’
https://tokenpost.com/CipherTrace-unveils-open-source-solution-for-crypto-Travel-Rule-compliance-TRISA-3369

Quote
“The goal of the Travel Rule Information Sharing Architecture (TRISA) is to enable compliance with the FATF and FinCEN
Travel Rules for cryptocurrency transaction identity information without modifying the core blockchain protocols, and without
incurring increased transaction costs or modifying virtual currency peer-to-peer transaction flows.”

The solution would enable VASPs to reliably share payment details while maintaining the confidentiality of personal information
and whale trades. It enables immediate compliance with minimal impact on transaction flows and without the need to fork existing
blockchains, CipherTrace explained.

Note : VASP's are Virtual Asset Service Providers (crypto exchanges / custodial wallet providers)

Quote
CipherTrace said that major exchanges and wallets, such as Binance, are already considering TRISA as a viable option for compliance.