EXMO.com has integrated the TRUST (Travel Rule Universal Solution Technology) solution. The new partnership will greatly enhance the security of our exchange, making it easier to enter global markets.
EXMO is proud to announce the implementation of the Travel Rule Universal Solution Technology (TRUST), a platform that allows crypto exchanges to securely send information legally required by the Financial Action Task Force (FATF) Travel Rule.
FATF’s Travel Rule requires financial institutions to share certain basic information about their users when sending funds over a certain amount to another financial institution. Custodial crypto exchanges (like other financial institutions) have to satisfy this rule, which was enforced before crypto even existed.
TRUST is an industry-driven solution designed for its participating members to easily implement the Travel Rule and protect the security and privacy of their users. It enables crypto exchanges to fulfill the necessary requirements across their global markets and provides support in adapting them to different jurisdictions. Additionally, the platform employs top-tier privacy and security safeguards, including no central store of personal data, proof of address ownership and implementation of core security and privacy standards.