Blockpass Partners With CryptoSwift to Deliver Global Travel Rule Compliance

Identity verification and regulatory compliance provider Blockpass is excited to announce a new partnership as it begins working with CryptoSwift OÜ, the Travel Rule compliance service, to enhance and simplify the process of meeting regulatory standards around the world. This endeavor will see CryptoSwift’s Travel Rule compliance measures added to Blockpass’ suite of regulatory solutions, enabling one-stop access to comprehensive compliance.

Blockpass, the Safe Network for Crypto™, has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.

Estonian-based CryptoSwift has been working to further crypto compliance since 2022, enabling companies to meet Travel Rule requirements whilst continuing to innovate. The solution focuses on simplicity, security, and efficiency with an easy-to-integrate API. CryptoSwift facilitates the secure transmission of required data between Virtual Asset Service Providers (VASPs) by automating compliance, providing real-time transaction monitoring whilst meeting both FATF guidelines and MiCA regulations, ensuring compliant transfers of digital assets.

“The Travel Rule is rapidly becoming an essential part of the compliance landscape as more and more countries around the world implement the FATF’s recommendations to secure the crypto space.” said Blockpass CEO Adam Vaziri. “We’re delighted to be working with CryptoSwift towards our mutual goals of facilitating compliance for those innovating or working in crypto.”

“Partnering with Blockpass is a natural step forward in our mission to make regulatory compliance seamless for the crypto industry,” said Indrek Ulst, Founder and CEO of CryptoSwift. “Blockpass shares our vision of reducing friction without compromising security or compliance. By combining our Travel Rule infrastructure with their leading KYC and AML solutions, we’re enabling crypto businesses to meet global regulatory standards with greater speed, confidence, and simplicity.”

With this new partnership, Blockpass brings CryptoSwift’s services to its entire userbase and enables those seeking to comply with the vital Travel Rule recommendations. Through bringing all a company’s compliance needs to one place, Blockpass and CryptoSwift continue to work tirelessly to take the burden of regulatory compliance off the innovators in the crypto space whilst keeping them safe and secured against threats.

To further support the Web3 industry, Blockpass has developed the Crypto Travel Rule Hub providing a comprehensive knowledge base, detailed country-specific regulatory insights, and a VASP-to-VASP network to help businesses navigate global compliance.