Quote from: ccryptopark on September 23, 2019, 07:36:22 PM

I didn't realize there were multiple companies competing to fix this recommendation. I had heard about TRISA before but the others not so much. I know these aren't laws yet but instead recommendations so it'll be interesting to see what exchanges choose to do

That's why the article clearly wrote,

Quote

The first solution, rather than the best solution, may become the industry standard

Ciphertrace is the pioneer company in the market of blockchain analytics and global compliance. However, it is highly unlikely to see a lot of different solutions being adopted by the crypto businesses worldwide to comply with the FATF guidelines. Moving into an unified solution will be less confusing and more market friendly!