HashKey Global collaborates with VerifyVASP to strengthen the global travel rule compliance system

ChainCatcher news, licensed virtual asset exchange HashKey Global has recently announced a partnership with global travel rule solution provider VerifyVASP. The two parties will deploy a comprehensive Travel Rule compliance solution within HashKey's global licensed exchange network. This move aims to respond to the accelerated enforcement requirements of the Financial Action Task Force (FATF) travel rules by regulatory authorities worldwide, addressing the evolving anti-money laundering (AML) challenges in the virtual asset trading sector.

According to the agreement, both parties will enhance the compliance transmission capability of transaction data across jurisdictions through technological integration and standardized processes, ensuring that customer identity information complies with international regulatory frameworks during virtual asset transfers. HashKey Global has previously joined the Global Travel Rule Alliance (GTR Alliance) and plans to further strengthen its compliance infrastructure through this partnership. Industry analysts point out that as global virtual asset regulation tightens, such collaborations will be key for exchanges to enhance their international competitiveness. HashKey Global's compliance layout not only covers the Asian market but also promotes the unification of industry standards through its global licensed network.