What I make of it
The FATF Travel Rule originator/beneficiary model — a regulation forcing a shared schema on crypto.
Initially released in 2020 by the Joint Working Group (JWG) on interVASP Messaging Standards, IVMS 101 is the universal common language for communication of required originator and beneficiary information between VASPs used by all leading Travel Rule solution providers. In April 2023, GBBC Digital Finance (GDF), OpenVASP and VASPnet joined forces to maintain and further develop the existing IVMS 101 standard to create greater consistency and integrity within the crypto ecosystem....
The FATF Travel Rule originator/beneficiary model — a regulation forcing a shared schema on crypto.