The announcement of FATF’s travel Rule in 2019 came as shocking news to the entire crypto community.
Moreover, it was made mandatory that all countries abide by this rule; countries that deny would make it to the blacklist.
The question here is – ‘How prepared are these crypto firms to comply with these rules?’.
In a recent interview with AMBCrypto, Elsa Madrolle, General Manager International at CoolBitX, a blockchain security company commented on the regulations and the plight of the crypto exchanges in Canada.
“But it does give the FINTRAC complete oversight over all remaining crypto firms,” she noted.

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