Veriscope

Blockchain Veteran and Core Developer Bryan Bishop Teams Up With Shyft Network To Lead Global Security Efforts

Retrieved on: 
Wednesday, May 18, 2022

Shyft Network (Shyft), a public protocol designed to validate identity and power compliance directly into blockchain data, today announced that Bryan Bishop, a renowned Bitcoin core developer, technologist, and veteran of the blockchain industry, is teaming up with Shyfts core development team to collaborate on strengthening the global network security, scalability, and interoperability.

Key Points: 
  • Shyft Network (Shyft), a public protocol designed to validate identity and power compliance directly into blockchain data, today announced that Bryan Bishop, a renowned Bitcoin core developer, technologist, and veteran of the blockchain industry, is teaming up with Shyfts core development team to collaborate on strengthening the global network security, scalability, and interoperability.
  • Thomas Borrel, Chief Operating Officer of Shyft, said, "Bryan is a brilliant engineer whose significant experience as a developer and blockchain consultant will be extremely additive to our talented team of technologists and compliance professionals.
  • Mr. Bishop said, "Veriscope is a necessary step towards continuing to bring crypto into the existing financial system.
  • Mr. Bishop is a longtime software engineering consultant and contractor and has worked on behalf of companies including Blockstream and Genomic Prediction.

Sygna Hub Introduces Integrated Crypto AML Analytics, Sanction Screening and Interoperable Travel Rule Protocol For VASPs

Retrieved on: 
Thursday, April 28, 2022

TAIPEI, April 27, 2022 /PRNewswire/ -- Blockchain security firm CoolBitX has unveiled Sygna Hub, the latest AML/CTF-focused product to help virtual asset service providers (VASPs) meet evolving crypto regulations.

Key Points: 
  • Sygna was launched in 2019 in response to the Financial Action Task Force's Recommendation 16 update that mandates Travel Rule compliance for VASPs.
  • "Travel Rule, sanctions screening, and blockchain analytics all play key roles in the fight against illicit activity in crypto.
  • Sygna Bridge, the standalone VASP-focused Travel Rule protocol, is also built into Sygna platforms at a software level.
  • Sygna is a line of AML compliance services created by CoolBitX based on the FATF Recommendation 16 "Travel Rule" and other global virtual asset regulations.

Sygna Hub Introduces Integrated Crypto AML Analytics, Sanction Screening and Interoperable Travel Rule Protocol For VASPs

Retrieved on: 
Thursday, April 28, 2022

TAIPEI, April 28, 2022 /PRNewswire/ -- Blockchain security firm CoolBitX has unveiled Sygna Hub, the latest AML/CTF-focused product to help virtual asset service providers (VASPs) meet evolving crypto regulations.

Key Points: 
  • Sygna was launched in 2019 in response to the Financial Action Task Force's Recommendation 16 update that mandates Travel Rule compliance for VASPs.
  • "Travel Rule, sanctions screening, and blockchain analytics all play key roles in the fight against illicit activity in crypto.
  • Sygna Bridge, the standalone VASP-focused Travel Rule protocol, is also built into Sygna platforms at a software level.
  • Sygna is a line of AML compliance services created by CoolBitX based on the FATF Recommendation 16 "Travel Rule" and other global virtual asset regulations.

Shyft Launches Comprehensive Crypto Travel Rule Solution

Retrieved on: 
Wednesday, April 13, 2022

BRIDGETOWN, Barbados, April 13, 2022 (GLOBE NEWSWIRE) -- Shyft Network announced today the launch of Veriscope, a fully decentralized, open-source tool that offers crypto exchanges a comprehensive solution to the so-called “Sunrise Issue” – addressing what has until now been a vexing, unsolvable challenge for crypto exchanges as they come into compliance with the Financial Action Task Force (FATF) Anti-money laundering (AML) Travel Rule.

Key Points: 
  • BRIDGETOWN, Barbados, April 13, 2022 (GLOBE NEWSWIRE) -- Shyft Network announced today the launch of Veriscope, a fully decentralized, open-source tool that offers crypto exchanges a comprehensive solution to the so-called Sunrise Issue addressing what has until now been a vexing, unsolvable challenge for crypto exchanges as they come into compliance with the Financial Action Task Force (FATF) Anti-money laundering (AML) Travel Rule.
  • The Travel Rule requirements can only be met if all (both) counterparties are in compliance.
  • Because we dont require any additional information from an exchanges customers, we can rebuild Travel Rule data on historic transactions.
  • Veriscope allows Virtual Asset Service Providers (VASPs) to comply with the FATF Travel Rule, preserve data integrity, maintain data sovereignty and enable a frictionless customer experience.

Worldpay from FIS Eases Navigation of Global Crypto Regulations

Retrieved on: 
Wednesday, March 2, 2022

Financial technology leader FIS (NYSE: FIS) announces that its Worldpay from FIS business is helping merchants seamlessly comply with complex web of evolving crypto regulations, all designed to create a secure ecosystem for transactions.

Key Points: 
  • Financial technology leader FIS (NYSE: FIS) announces that its Worldpay from FIS business is helping merchants seamlessly comply with complex web of evolving crypto regulations, all designed to create a secure ecosystem for transactions.
  • To continue to help merchants easily comply with the evolving regulatory landscape in crypto, Worldpay is partnering with Shyft Network.
  • Nabil Manji, Head of Crypto and Emerging Business, Worldpay from FIS, said: "Worldpay from FIS is thrilled to join the Shyft Network as a federation member.
  • Joseph Weinberg, Co-Founder of Shyft Network, added: We are very excited to work alongside Worldpay from FIS to accelerate the adoption of cryptocurrencies.