Taiwan-based regulatory technology (RegTech) developer and non-custodian (DeFi/NFT) wallet provider KryptoGO has raised a total of US$3 million in its recently concluded seed funding round. The round was participated by global venture capital firm Hive Ventures, alongside other VCs including Taiwan's National Development Council, Red Building Capital, AVA Angels, New Economy Ventures, Hao Fong Investment and Pegatron Venture Capital. The funds will be utilized by KryptoGO to expand its market presence in the United States, in addition to growing its team and launching new product features later in the year.
What's new this week? Keeping bugs out of our wallet despite the summer heat, and the option to delete your account, among other things.
The Travel Rule is a new regulatory requirement regarding counterparty risks. As we mentioned in our previous article, it is relevant to almost all cryptocurrency industries operating under the jurisdiction of the FATF. The Travel Rule requires that a VASP (Virtual Asset Service Provider), such as an exchange, must identify the originator and beneficiary of cryptocurrency transactions over a certain scale initiated by their users. If the counterparty to those transactions is also a VASP, then the original VASP must transmit the user’s information to the second VASP.
2020 國際監理科技黑客松是臺灣首度舉辦國際級監理科技挑戰賽 (TRC, Taiwan RegTech Challenge) ，由金管會指導、臺灣金融服務業聯合總會與臺灣集中保管結算所主辦，在疫情衝擊下仍獲得廣大迴響，共有 62 家團隊遞件申請，其中包含來自 10 國 18 家國際團隊；複賽共 32 家團隊入圍，本次競賽除希望協助主管機關強化監理效能外，並藉此解決金融機構經營與法令遵循所面臨的痛點。臺灣本土監理科技新創 KryptoGO ，憑藉著精准的 AI 反洗錢技術及金融監理盡職調查解決方案，囊括了五大獎項，堪稱本次國際監理黑客松最大贏家。