Since joining VerifyVASP's alliance in 2022, BingX has experienced firsthand the exceptional value of its Travel Rule compliance solution. The secure, immediate architecture ensures seamless, frictionless compliance with global regulations, allowing us to meet complex requirements effortlessly while maintaining a smooth user experience. Data protection is a top priority for BingX, and VerifyVASP's unwavering commitment to safeguarding sensitive information aligns perfectly with our mission to create a trusted, secure environment for our customers. This robust platform fosters confidence and reliability in every transaction. With extensive experience and active engagement across public and private sectors in numerous jurisdictions, VerifyVASP has proven to be an invaluable partner in navigating international regulatory landscapes. The team's expertise empowers BingX to remain both compliant and competitive on a global scale. We highly recommend VerifyVASP to any organization seeking a reliable, secure, and efficient Travel Rule solution. It has truly been a game-changer for us!

We have relied on VerifyVASP for our Travel Rule compliance since the introduction of AML regulations in Singapore under PSN02. Throughout our licensing journey—from an exempted institution, through In-Principle Approval, to our current status as a fully licensed DPT provider—VerifyVASP has been a trusted partner. We selected VerifyVASP for several key reasons:

• Regulatory Alignment:

  VerifyVASP complies with Singapore's legal and regulatory requirements as well as FATF's Travel Rule recommendations. To our knowledge, they are the only Travel Rule solution provider to have undergone an independent audit validating their compliance capabilities.

• Secure Pre-Validation:

  Their proven ability to perform immediate and secure pre-validation of Travel Rule data has significantly enhanced customer trust and improved transaction reliability.

• Industry Expertise:

  VerifyVASP's active participation in industry working groups and associations ensures we remain aligned with international developments. They have also represented the industry in global consultations, including FATF public consultations.

• Counterparty Due Diligence and Support:

  Their support in conducting due diligence on counterparty VASPs is exemplary, and their assistance in troubleshooting transactional issues has been invaluable.

• Data Protection Compliance:

  VerifyVASP's platform supports adherence to data protection standards such as Singapore's PDPA and ensures counterparties maintain equivalent safeguards under GDPR.