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Binance joins Global Travel Rules Alliance to advance interoperability compliance and strengthen security

Binance announced its membership in the Global Travel Rule (GTR) Alliance. The alliance is a global community of virtual asset service providers using the same solution to comply with an important international anti-money laundering rule. Binance stated that joining the GTR Alliance will ensure higher levels of data security and regulatory compliance. This strategic move aims to keep Binance in line with Recommendation 16 of the Financial Action Task Force (FATF), a reporting requirement also known as the "Travel Rule" that has been implemented in multiple countries and will become a universal standard in the coming years.


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