The global VASP community came together to develop a standard for interVASP communication to unite the industry.
Joined May 2020
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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…
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?
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…
interVASP Message Standards retweeted
But there is NO time for delay or complacency. Some countries have already started. Armed with IVMS101 data model standard from @interVASPorg , tech solutions will quickly become deployable & #vasps able to comply with the #fatf #travelrule
Siân Jones of @interVASPorg on travel rule for crypto: the deadline for countries is a bit of a myth, it could take a matter of years for 200 nations to implement the full suite of FAFT requirements. @coindesk
#NYBWGives
#ConsensusDistributed: coindesk.com/events/consensu…
interVASP Message Standards retweeted
LIVE NOW #ConsensusDistributed we have interVASP convenor @COINSULT alongside @Malcolm_1111 from @GlobalDigitalFi and Chris from @_IDAXA with @TeanaTaylor & @MarcHochstein talking @interVASPorg Messaging Standards for Capitol Controls #FATF #TravelRule #IVMS101
interVASP Message Standards retweeted
FATF 여행규칙 부합하는 데이터 교환 표준 나왔다: 암호화폐 거래소(VASP; 가상자산 사업자) 간 데이터 교환을 위한 통일된 표준이 나왔다. IVMS101(Intervasp Messaging Standard 101, 가상자산 사업자 간 메시지 표준)이라는 이름의 이 표준은 암호화폐를 송금하는 익명의… dlvr.it/RWF84N
interVASP Message Standards retweeted
#Crypto industry adopt messaging standard to comply with "the travel rule." Very important work and accomplishment. @interVASPorg @DigitalChamber @_IDAXA #crypto #bitcoin #blockchain docs.google.com/document/d/1…
interVASP Message Standards retweeted
@CipherTrace @TRISA @CoolBitX #Notabene and @Securrency have committed to implementing the standard. Lana Schwartzman of @Paxful said she will only consider TSPs that comply with #IVMS101. Tremendous work by @interVASPorg @DigitalChamber @GlobalDigitalFi @_IDAXA @COINSULT
A coalition of international #blockchain industry bodies has collaborated to develop a new technical standard, known as IVMS101, to facilitate the exchange of data between Virtual Asset Service Providers (VASPs).
bit.ly/3fvNmVh