21 Analytics

VASPs - Automate the Satoshi Test with 21 Analytics’ Satoshi Test Portal The Satoshi Test involves a manual component - compliance teams need to verify their customers’ transactions. ❗ Not only is this time-consuming for many VASPs, but it opens the door to human error. ⚙️ To remedy this, 21 Analytics developed the Satoshi Test Portal to facilitate VASPs in this process. ⬇️ Find out more below.

Tomorrow, 21 Analytics’ COO Lucas Betschart will share his Bitcoin expertise as a guest lecturer at CCFE’s Swiss Crypto & Blockchain Course. 💡 The course aims to educate individuals interested in furthering their crypto finance knowledge base. ⬇️ Be sure to sign up; access the link in the comments section. 

🚀 Version 7.3.0 of 21 Travel Rule is Here 🔥 With Version 7.3.0, VASPs can: - Tie an expected AOPP proof to a specific wallet address - Expect streamlined support for legal persons. - Access risk scores from multiple risk providers. 📋 As always, VASPs are guaranteed full compliance with the Travel Rule while retaining control of sensitive customer data, thanks to our on-premises deployment, which boosts GDPR compliance. 💡 Learn how you can benefit from 21 Travel Rule; see the blog below.

🇹🇷 Türkiye’s Travel Rule Is Live 🤝 We have put together an in-depth summary of Türkiye’s new Travel Rule requirements. Here’s What You Need to Know: - It applies to all transactions  - Data privacy and protection are mandatory by law - Self-hosted wallets fall under its scope  - Data exchange is still a must in cross-border transactions with non-Travel-Rule-ready counterparties “𝘎𝘪𝘷𝘦𝘯 𝘛𝘶̈𝘳𝘬𝘪𝘺𝘦’𝘴 𝘶𝘯𝘪𝘲𝘶𝘦 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬, 𝘊𝘈𝘚𝘗𝘴 𝘮𝘶𝘴𝘵 𝘥𝘰 𝘵𝘩𝘦𝘪𝘳 𝘥𝘶𝘦 𝘥𝘪𝘭𝘪𝘨𝘦𝘯𝘤𝘦 𝘢𝘯𝘥 𝘢𝘵𝘵𝘦𝘯𝘵𝘪𝘷𝘦𝘭𝘺 𝘴𝘦𝘭𝘦𝘤𝘵 𝘵𝘩𝘦𝘪𝘳 𝘛𝘳𝘢𝘷𝘦𝘭 𝘙𝘶𝘭𝘦 𝘴𝘦𝘳𝘷𝘪𝘤𝘦 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘳𝘴 𝘵𝘩𝘢𝘵 𝘮𝘦𝘦𝘵 𝘣𝘰𝘵𝘩 𝘛𝘶̈𝘳𝘬𝘪𝘺𝘦’𝘴 𝘴𝘺𝘴𝘵𝘦𝘮 𝘭𝘰𝘤𝘢𝘭𝘪𝘴𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘥𝘢𝘵𝘢 𝘱𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘰𝘯 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘮𝘦𝘯𝘵𝘴.” 💡 Learn how 21 Travel Rule can maximise your data privacy and meet Türkiye’s Travel Rule demands, contact Rui M., who will help you on your way.  ⬇️ Find out more: download your copy of the Turkish Travel Rule summary: https://lnkd.in/e3xVaAE2

🇹🇷 Türkiye’s Travel Rule: Download Your Summary Now 🚨The Turkish Travel Rule goes live in one week and applies to all transactions. 🤝 In collaboration with Tugce Bozkurt, we have put together an in-depth summary of Türkiye’s new Travel Rule requirements. ⚙️ If you are looking for an on-premises solution (nobody can access your customer data but you!) compliant with MASAK and the CMB’s requirements, contact Rui M..  He is here to help. 📋 Alternatively, if you are looking for a Travel Rule legal expert in Türkiye, reach out to Tuğçe. ⬇️ Be sure to download your copy of the Turkish Travel Rule summary: https://lnkd.in/e3xVaAE2 💡 Which covers:  - Who must comply  - Responsibilities of CASPs - Thresholds and data to be exchanged - Self-hosted wallets  - Transactions with foreign entities

What’s Next for the EU’s Travel Rule? Insights from Delphine Forma 📋 The EU’s Travel Rule (TFR) is in place, but is it truly effective? And what changes might be coming? 🤝 We recently sat down with crypto compliance guru, Delphine F., a leading expert in crypto compliance, to discuss her predictions on regulatory updates, MiCA’s future, DeFi’s impact, and the industry’s role in shaping best practices. 💡 Key takeaways: - FATF-driven updates could refine the TFR;  - MiCA 2? Not likely—at least for now;  - DeFi isn’t driving immediate changes but remains on the radar; - Loopholes in counterparty identification and non-compliance handling still pose challenges. ⬇️ Read the full interview for Delphine’s expert insights. See Delphine’s previous blog where she discusses the TFR and its implications for CASPs - link in the comments section. 

Automated Self-hosted Wallet Proofs via the AOPP Portal ⚙️ Using the AOPP Portal, VASPs can request wallet address verification directly from their interface, keeping sensitive data stored securely on-premises. ⚙️ Moreover, wallet owners can quickly perform wallet ownership proofs without impacting their user experience. ⬇️ Find out more below.

Bitcoins Moving from Exchanges to Self-hosted Wallets: Current and Future Reasons And Potential Impact 🚀 Recently, our COO’s Lucas Betschart's article was published by Crypto Valley Journal. 💡 The article discusses his insights into the current and future status of Bitcoin held in self-hosted wallets and its potential impact. ⚙️ This increased usage leads to users needing a reliable means to prove wallet ownership. The smoothest way to do this is AOPP, a standard invented by 21 Analytics. ✅ Reach out to us to find out how AOPP can streamline wallet ownership for CASPs and wallet owners alike. ⬇️ See the article below.

The TFR is now live—what does this mean for CASPs? 💬 We spoke with crypto compliance and policy expert Delphine F., about what’s next. 🔹 Our key takeaways? “𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴𝘯’𝘵 𝘴𝘵𝘰𝘱 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘛𝘍𝘙—𝘪𝘵’𝘴 𝘫𝘶𝘴𝘵 𝘵𝘩𝘦 𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨.” 📋 CASPs must now focus on: - Navigating regulatory uncertainties; - Implementing effective compliance frameworks; - Ensuring robust tech infrastructures; - Choosing the right Travel Rule solution, like 21 Travel Rule; - Choosing the right Trade Surveillance Solutions, like Solidus Labs. 💡 In the article below, Delphine outlines the key areas CASPs should prioritise to stay compliant and competitive. 

“Satoshi Tests Hinder Self-custody, but AOPP Can Fix It!” BitBox recently highlighted the many challenges of the Satoshi Test from an end user’s perspective. 💡 In their article (attached in the comments section), they break down these pitfalls and explain how AOPP simplifies self-wallet verification for their customers. 🤝 BitBox, which co-created AOPP in 2021 with 21 Analytics, cites AOPP as a super straightforward wallet verification method for users, as seen in the image below. ☑️ “It’s very similar to signing a Bitcoin transaction, with even less steps the user has to worry about”. ⬇️ Check out the full article in the comments section. Reach out to us to find out how AOPP can streamline your Travel Rule compliance and customer experience.