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Binance Strengthens Anti-Money Laundering Efforts, Joins Global Travel Rule Alliance

The biggest cryptocurrency exchange in the world by trade volume Binance has joined the Global Travel Rule (GTR) Alliance. This is a bold move to fight financial crimes like money laundering and funding for terrorism.

The main goal of this strategic union is to improve compliance efforts and make sure that user data and transactions are safe. Binance is taking the initiative to follow the global standards set by the Financial Action Task Force (FATF) by working with other players in the industry, such as CODE, Sygna, and Sumsub.

Binance Joins Global Travel Rule (GTR) Alliance

With the rise of financial crimes like money laundering and funding for terrorism, it is more important than ever for coin exchanges to follow the rules set by regulators.

In response to these challenges, Binance has taken steps to beef up its compliance structure and make it easier for organizations in the same field to work together.

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