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Crypto

Thailand expands crypto travel rule, mandates verification for self-custody wallets

Thailand is introducing a travel rule covering self-custody wallets to strengthen anti-money laundering measures for cryptocurrencies. The key change requires verification of wallet ownership or control even for transactions involving personal wallets that do not go through regulated operators such as exchanges. The Thai SEC has finalised risk management rules for transfers and receipts of digital assets, which take effect on Feb. 27 next year, giving operators about six months to prepare systems.

Crypto

Danal to pursue stablecoin payments with VASP INX

Danal will work with virtual asset service provider Infinity Exchange Korea (INX) to build digital asset-based payment and settlement infrastructure including stablecoins. The companies signed an MOU to link Danal’s payment gateway and prepaid electronic payment infrastructure with INX’s VASP infrastructure and digital asset API solutions. They plan to roll out stablecoin payments for merchants, payments and remittances for visitors and students, and T+0 real-time settlement, while applying AML-related controls.

Crypto

Lambda256 upgrades CLAIR FDS/AML solution for financial institutions

Lambda256 said on Tuesday it upgraded its on-chain FDS/AML solution, CLAIR, into an integrated workflow supporting financial institutions\' anti-money laundering operations. It said the platform integrates on-chain transaction monitoring, STR analysis, KYT, a travel rule solution and on-chain data with internal institution data. The company said the system uses ontology-based knowledge graph technology and W3C standards, and provides domestic unlicensed exchange label data and rule-setting tools.