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Thoughts on the travel rule implications for CEXs?
Been thinking about the ongoing challenge for CEXs to fully implement the FATF's "travel rule" without completely stifling user experience. What are the current industry solutions or best practices you're seeing for compliance in different jurisdictions, especially concerning the varying thresholds and data sharing requirements?
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This is something I'm trying to wrap my head around too. It seems like a huge hurdle for global exchanges. How are they even starting to reconcile the different rules without making it super complex for users?