How Travel Rule Regulation is Shaping Crypto Transactions

The Travel Rule has recently seen regulatory implementations in various jurisdictions, but are VASPs complying?

 

In this episode, Ian Andrews (CMO, Chainalysis) gets that answer and many more from Alice Nawfal, who co-founded and is acting COO of one of the leading Travel Rule solutions, Notabene.

Alice shares her origins working in the decentralized identity space and how she ventured into the intricacies of Travel Rule compliance and the evolving regulatory landscape.

Alice talks about the  challenges in creating solutions  for seamless cross-border transactions, while highlighting  how regulatory clarity, like the EU's MiCA, is poised to revolutionize institutional trust and compliance in the crypto world.

The conversation also focuses on self-hosted wallets and counterparty risk assessments in the crypto space, while offering insights into how the interoperability challenges for travel rule solutions can be solved. 

Minute-by-minute episode breakdown

2 | Alice’s journey from getting a MBA, going through YC and ending up in decentralized identity 

4 | How to solve the identification problem using a trustless decentralized approach

8 | How does Notabene approach decentralized ID and what is the Travel Rule

12 | Has Travel Rule adoption improved over the last 2 years? 

16 | The major impact on the Travel Rule on crypto transactions 

22 | Facilitating real-time counterparty risk checks for secure transactions

28 | Proof of ownership for self-hosted wallets to solve for EU Transfer Rule requirements

33 | Solving interoperability challenges in the Travel Rule industry 

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Website: Notabene: The ONLY Pre-Transaction Travel Rule Solution
• Report: The State of Crypto Travel Rule Compliance Report 2024 (Available Now)
• Training: Notabene Academy: Curated learning resources designed to help accelerate your success as a Travel Rule Compliance expert
• Announcement: European Blockchain Convention (EBC2024): Join Notabene Team in Barcelona
• Blog: How Can VASPs Ensure Travel Rule Compliance During Transactions With Self-Hosted Wallets?
• Blog: 2024 Crypto Crime Mid-year Update Part 1: Cybercrime Climbs as Exchange Thieves and Ransomware Attackers Grow Bolder
• Blog: MiCA’s Stablecoin Regime and Its Remaining Challenges: Part 1 | Part 2 | Part 3
• YouTube: Chainalysis YouTube page
• Twitter: Chainalysis Twitter: Building trust in blockchain
• Tik Tok: Building trust in #blockchains among people, businesses, and governments
• Telegram: Chainalysis on Telegram

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
• Alice Nawfal (Co-Founder & COO, Notabene)

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