CipherTrace and Shyft propose a joint solution for FATF draconian anti-terror guideline

CipherTrace and Shyft have announced to cooperate in order to assist exchanges in protecting the identities of their customers in the light of novel protocols. According to the public announcement, both the companies have partnered in reply to a recent treaty amongst G20 member states, which enforces national businesses to provide details about clients while making funds transfers. The Travel Rule charted by the Financial Action Task Force (FATF), would have removed multiple secrecy attributes on the exchanges. However, a solution complying with the rule is in the making. The solution will preserve the secrecy of the users as the