CoolBitX Founder Says Regulators In Asia Are Leading The Way For FATF Travel Rule
Michael Ou, the Founder of the CoolBitX, has said that regulators in Asia are leading the way for Financial Action Task Force (FATF) travel rule, which is due to be accomplished in June 2020. It has been reported that the startup has developed a solution to the travel rule, called Sygna Bridge, which allows exchanges to communicate the identities of the senders and receivers of each transaction. However, on May 7, it has been announced that it had conducted a series of cross-