The global VASP community came together to develop a standard for interVASP communication to unite the industry.
Joined May 2020
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"Several Technical Solution Providers have already committed to comply with IVMS101, so they’ll all be talking the same language, which means VASPs around the world will be able to understand them" explains @COINSULT on FinTech.TV. fintech.tv/travel-rule-crypt…
"The idea was born to develop a common universal language for the data to be exchanged between VASPs" says @COINSULT on her time at at the @V20Osaka, when she and @Malcolm_1111 highlighted the importance of standards in meeting #TravelRule requirements. fintech.tv/travel-rule-crypt…
FinTech.TV reports: @GlobalDigitalFi @DigitalChamber @idaxaofficial set up the #interVASP JWG, with Convenor @COINSULT and Technical Editor @neilsamtani, so #VASPs could implement the #TravelRule more rapidly with lower risks and lower costs. fintech.tv/travel-rule-crypt…
A great read on 'The Regulator' featuring our Technical Editor @neilsamtani from @XReg_Consulting on the process of compiling the IVMS101 global messaging standard in collaboration with 130+ technical experts who contributed to the #FATF #TravelRule work.
medium.com/the-regulator/an-…
interVASP Message Standards retweeted
I wrote about about @interVASPorg for @CoinDesk in Feb when the Joint Working Group had only just kicked off. Now they’ve completed their first technical standard IVMS101 and you can download it here: intervasp.org – at Angeles City, Central Luzon
Back in Feb, an ex-SWIFT guy told @leah_cb the #crypto industry better move its ass if it doesn't want to end up struggling with interoperability. Well, they moved alright. And here's what they did: @interVASPorg
@AlexandreKech #FATF #TravelRule @CoinDesk
coindesk.com/crypto-exchange…
interVASP Message Standards retweeted
@binance's @teanataylor is a #crypto industry leader. At @CoinDesk #ConsensusDistributed she asked @COINSULT what it was like to bring together 130 subject-matter experts (many of them industry competitors) to collectively produce the @interVASPorg Message Standard:
interVASP Message Standards retweeted
Last chapter of our trilogy: this time on compliance
Thursday 18/06 16:00 SGT.
Siân Jones @coinsult @XReg_Consulting & convenor of @interVASPorg | Bharath Vellore @accuitytweets | @laura_chaput @keyrock | Mriganka Pattnaik @MerkleScience
latest.oncustodian.com/the-d…
interVASP Message Standards retweeted
The @EU_Commission has published its Action Plan for a comprehensive EU policy on preventing Money Laundering & Terrorist Financing. A consultation paper (open until 29 July 2020) is seeking feedback on the proposal, writes @XRegErnest of @XReg_Consulting.
medium.com/the-regulator/the…
XReg's @COINSULT is live giving an overview of #TravelRule & the @interVASPorg Messaging Standard to the @GlobalDigitalFi Global Summit #9 – Asia Session with @malcolm_1111 from @DiginexGlobal now. Check out the GDF website for more details.
.@neilsamtani (@XReg_Consulting) over the last 19wks, whilst you expertly scribed the #interVASP Messaging Standard for the Joint Working Group, did you ever expect that it was going to get this much airtime at @CoinDesk's #ConsensusDistributed, the biggest crypto event globally?
Going live shortly at #ConsensusDistributed "IS CRYPTO READY FOR THE TRAVEL RULE?"
interVASP JWG #IVMS101 Convenor and co-lead @COINSULT from @XReg_Consulting giving a 10m overview of the IVMS101 interVASP Messaging Standard #TravelRule #FATF #interVASP
For those of you who missed it or wish to do some quick homework before @COINSULT gives the #interVASP lightning talk at #ConsensusDistributed check out this great article by @IanAllison123 feat. @malcolm_1111 on the launch of IVMS101 #TravelRule #FATF
coindesk.com/crypto-firms-es…
interVASP Message Standards retweeted
@MarcHochstein says QWERTY is an example of a suboptimal standard that we’re stuck with. Standards are something you want to get right. He asked @AmyDavineKim of @DigitalChamber how @interVASPorg tackled the challenge to develop a standard that is actually fit for purpose?
#ConsensusDistributed asks "IS CRYPTO READY FOR THE TRAVEL RULE?"
Well, we now have a common language by which VASPs can communicate. We have the building blocks. We are making progress.
#TravelRule #FATF #interVASP
Download #IVMS101 now intervasp.org
About to kick off "Is Crypto Ready for the Travel Rule?" #ConsensusDistributed w hosts @IanAllison123 + @MarcHochstein
Lots of familiar IVMS101 JWG faces: @COINSULT
@XReg_Consulting @AmyDavineKim @DigitalChamber @justinwnewton @Netkicorp Elsa @CoolBitX @davejevans @ciphertrace
For background on the importance of standards like IVMS101, read this great article by @leah_cb of @emfarsis
on @Coindesk featuring JWG participant @AlexandreKech
of @oncustodian (#ConsensusDistributed speaker) offering his view on developing standards
coindesk.com/crypto-exchange…
"IS CRYPTO READY FOR THE TRAVEL RULE?"
Including @COINSULT giving an update of the IVMS101 interVASP Messaging Standard for #ConsensusDistributed #TravelRule #FATF #interVASP
Download #IVMS101 now intervasp.org
Check out @cbxmo from @CoolBitX (wonderful @interVASPorg supporters) on "Meeting #FATF #TravelRule Requirements - Lessons from Asia" at #ConsensusDistributed with @ossingerj from @crypto. Let's hope we see more VASPs and TSPs utilising IVMS101 based solutions to reach compliance.
interVASP Message Standards retweeted
More insights from me on whether #crypto is ready for the #FATF #TravelRule, plus the IVMS101 @interVASPorg data model standard, on #ConsensusDistributed tomorrow.
Tune in Wednesday 13th 11:55AM ET (17:55 CET)
@IanAllison123 @MarcHochstein
interVASP Message Standards retweeted
And to give #crypto industry time (but not a lot) to develop tech solutions to exchange data. IVMS101 data model standard from 130-strong @interVASPorg joint industry working group will enable #vasps to more rapidly comply. intervasp.org
Siân Jones of @interVASPorg on travel rule for crypto: FATF has been astute enough to understand the differences between blockchain and traditional finance.
#NYBWGives
#ConsensusDistributed: coindesk.com/events/consensu…