‍Setting the bar to meet global regulatory requirements, Tether becomes the first stablecoin to trial FATF Travel Rule solution

A look into the preliminary data from Notabene's global State of Travel Rule survey.

As the FATF compliance “Travel Rule” for cryptocurrencies grows in regional uptake, Crystal Blockchain and Notabene have partnered up to ensure a secure and accurate solution.

Strategic engagement embeds counterparty regulatory status into the leading Crypto Travel Rule compliance tool.

Four ADGM-licensed firms tested transmitting Travel Rule transactions with three crypto companies applying for their Singaporean digital payment token (DPT) license.

After a period of public consultation, The Federal Minister of Finance officially published the KryptoWTransferV, implementing FATF's travel rule in the country from October 1st, 2021.

Notabene Advisor Charles Senatore shares quick tips on how the compliance team can shift from an obstacle to business growth to its most powerful catalyst.

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.

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.

Luno, a leading global cryptocurrency company based in London with over 7 million customers in 40 countries, has partnered with Notabene, the end-to-end Travel Rule compliance platform. With Notabene’s help, Luno is rolling out Travel Rule compliance starting with Singapore.

The FATF released its updated guidance on the risk-based approach for virtual assets and VASPs. Read our summary on how this may impact the industry.

Over the past year, the Travel Rule has become a critical issue for many crypto businesses. Throughout 2020, companies focused on finding a solution that would allow them to transmit their customers’ data to other crypto businesses in a secure and privacy-preserving way. However, when you take a closer look at the Travel Rule and how its implementation impacts day-to-day business processes, being compliant requires a lot more than just data transmission.

Find out more about how Notabene and Chainalysis partnership is bringing scalable a Travel Rule Solution to cryptocurrency businesses and VASPs.

Participating virtual asset service providers (VASPs) are preparing to roll-out compliance with the Travel Rule for the Singapore market as early as April.

Notabene has taken significant steps to meet MAS’s new requirements for technology service providers. Our efforts will help companies streamline the vendor assessment process and allow them to start implementing the Travel Rule quicker.

In the light of our recent fundraising round, Notabene's CEO Pelle Brændgaard shares some thoughts on Notabene today and on our mission. We started Notabene specifically to help regulated companies have the confidence to send and receive more transactions on behalf of their customers. We believe this will ultimately allow broader adoption of crypto and DeFi by everybody and push the technology into mainstream usage.

We are thrilled to announce a significant milestone for Notabene — we have raised $1.765 million in venture capital led by Castle Island Ventures, joined by Green Visor Capital, Lynnet Capital, Dialectic, Pardon Makumbe, and more. This seed round brings our total funding to date to $2.3 million with some of our early supporters including Y Combinator, Signature Ventures, Joachim Sonne, and others.

Merkle Science, a leading provider of blockchain transaction monitoring and intelligence solutions, has partnered with Notabene to help companies dealing with cryptocurrencies comply with the Travel Rule. Notabene is a compliance platform designed to bridge crypto markets with traditional financial systems. The company helps financial service companies comply with new crypto regulations coming into effect such as the Financial Action Task Force’s (FATF) Travel Rule for virtual asset service providers (VASPs). 

Notabene created a free, public-data directory for all VASPs, regardless of which Travel Rule protocol they support. The directory allows companies to search for counterparties and easily determine which, if any, Travel Rule protocol they are using. It also provides access to relevant business information, helping counterparties build trusted relationships and take first steps towards Travel Rule compliance.

We're excited to announce that Notabene is participating in Y Combinator's Summer 2020 batch!

While the crypto industry has made significant stride toward proposing technical solutions for the Travel Rule, crypto companies still face many challenges when it comes to implementation of the guidelines.

This report highlights a number of issues that regulators and representatives from the private sector have raised during implementation and asked for greater clarity and guidance on them. We have summarized these issues below. To shed more light on these issues and how to resolve, FATF is likely to introduce additional guidance by October 2020. 

In June 2019, the Financial Action Task Force (FATF) released a global regulatory framework for the crypto industry. One year later, on July 7th 2020, FATF released a report containing a 12-month review and assessment that measures implementation of these guidelines by jurisdictions and the private sector.

On July 7th 2020, FATF released a report containing a 12-month review and assessment, measuring implementation of these guidelines by jurisdictions and the private sector. The release of the report followed a virtual Plenary meeting held by the FATF on June 24th, 2020. In the review, the travel rule is highlighted as “the issue of most focus in terms of VASPs’ compliance with the revised FATF Standards.” What were the key findings of this review, and what does it mean for compliance teams in the crypto industry? 

On June 3, Malcolm Wright, Chief Compliance Officer at BitMEX introduced the “Travel Rule Discovery” problem. In the article, the proposed solution is to build a centralized “Global List of VASP” (GLoV). We at Notabene think there is a better solution for this.

Today we are launching Notabene, a new crypto compliance platform for the financial industry. Notabene combines our expertise in financial markets and privacy-preserving systems to enable the industry to solve its most pressing challenge - regulatory compliance.

The new global Virtual Assets framework as well as the Travel Rule itself are the biggest opportunity crypto has had for crossing the chasm into the mainstream. Lack of regulatory clarity was always the primary stumbling block for crypto adoption and poor links with the traditional financial industry.