A couple of thoughts on the crypto market, regulations and all in between

On July 22, 2021, HM Treasury released a consultation that mandated the Travel Rule for UK VASPs. Read our key observations.

On June 20, 2021, the European Commission published a proposal for regulating the transfers of funds and certain crypto-assets. Read our key takeaways.

The German Federal Ministry of Finance recently released a draft bill entitled the Crypto Securities Transfer Regulation, which included increased “duties of care” surrounding the transfer of crypto assets. Read our key takeaways.

The world’s foremost anti-money laundering (AML) and counter-terrorism funding (CFT) regulator shares its second twelve-month review of their revised FATF standards on virtual assets and VASPs.

Former Director of the Southeast Region of the SEC and current advisor to Notabene, Charles V. Senatore shares insight on how crypto firms can approach regulatory regimes, steps compliance officers can take to become an integral part of product teams, and the path from compliance officer to business decision-maker.

Notabene and Elliptic launch a ready-to-use solution that complies with FATF Recommendations to virtual asset service providers (VASPs) and financial institutions (FIs). VASPs and FIs can automate the exchange of counterparty information during cryptoasset transactions securely and privately.

With many protocols on the market, Notabene simplifies travel rule compliance by integrating multiple messaging layers into one platform.In response to the sunrise period, Notabene offers a ready-to-use solution today - TRNow. You can exchange data transfers with any VASP, even if they didn’t implement a solution on their side yet. No need for them to sign up for or integrate with Notabene either!

We’re excited to share that a select group of our Singaporean customers, Luno, Crypto.com, and Xfers, have successfully completed the second phase of Notabene’s Travel Rule testnet. This makes them one of the first VASPs ready to roll out full Travel Rule compliance at scale on their platforms.

It’s been one year since we started Notabene, and what a crazy ride it has been! Check out everything we have done so far.

Today, we are excited to welcome Rebecca Macieira-Kaufmann and Charles “Chuck” V. Senatore to the Notabene team as our advisors. As a seasoned CEO, Rebecca has scaled financial service businesses to exponential revenue while overseeing the implementation of strong regulatory and risk management controls. While leading global compliance programs at major financial institutions, Chuck worked closely with management teams to align compliance and business goals. He also spent years as a regulator at the SEC. Together, their decades of experience working with complex financial and risk issues will be instrumental in helping Notabene build a best-in-class product and support our community of customers during this critical time.