Echobit, a global cryptocurrency exchange, has joined the CODE (Compliance, Open, Decentralized Environment) Alliance to bolster its global regulatory compliance. This integration strengthens Echobit's commitment to providing a secure and transparent trading environment for both retail and institutional investors across spot and OTC markets. Strengthening AML/CFT Standards By adopting the CODE travel rule solution, Echobit enhances its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) measures. This implementation assists regulatory bodies in tracking the flow of digital assets between Virtual Asset Service Providers (VASPs), aligning with the Special Financial Information Act and international standards. Enhancing Transparency and Security The CODE travel rule system facilitates secure data transfer between VASPs, ensuring compliance with travel rule requirements without compromising user privacy. Echobit's adoption of this solution demonstrates its proactive approach to regulatory compliance and its dedication to a safer cryptocurrency ecosystem. This move positions Echobit as a forward-thinking exchange committed to fostering trust and transparency within the digital asset space. ```
