Fireblocks' Krivokuća: Travel Rule still hampered by siloed providers and fragmented rules
- —Travel Rule providers operate separate networks that don't necessarily communicate
- —Regulatory requirements vary by jurisdiction, with no harmonized standard
- —Fireblocks integrated Notabene, Sumsub, GTR and TRUST into a single platform
- —Its Sumsub partnership covers more than 1,800 VASPs, with a focus on stablecoins
Why it matters: Institutions must tailor compliance to each counterparty, and aggregating providers does not substitute for an industry-wide standard.
Source: Crypto Briefing