The Times Australia
News From Asia

.

Coinut Integrates Notabene’s Travel Rule Solution For More Secure Transactions

SINGAPORE - Media OutReach - 3 October 2022 - As part of the FATF Travel Rule extending to cryptocurrency companies in 2019, Coinut (Coin Ultimate Trading), a leading mobile and web app-based cryptocurrency exchange located in Toronto and Singapore, is utilizing the complete Travel Rule Solution of a market-leading crypto Travel Rule compliance service provider, Notabene.

This partnership will help Coinut commence its Travel Rule compliance roll-out in FATF-regulated countries, especially in Canada and Singapore.

As the demand for crypto rises across global markets, regulators are adopting rules for digital payment token service providers to prevent money laundering, counter the financing of terrorism and safeguard the consumers. The Travel Rule for Virtual Assets calls for organisations that deal in cryptocurrencies to share information of the originator (sender) and beneficiary (receiver) between Virtual Asset Service Providers (VASPs), such as cryptocurrency exchanges like Coinut. The FATF Crypto Travel Rule aims to assist law enforcement agencies in better tracking criminals who utilise cryptocurrency to launder money, most especially in FATF-regulated countries such as Singapore, Canada, South Korea, Japan, Switzerland, Liechtenstein, Estonia, Gibraltar and Germany.

With the use of Notabene's global VASP Counterparty Verification Network to manage counterparty risks, Coinut can automate transactions with counterparty VASPs while giving them access to the data they require to identify suspicious activity (i.e., originator name, account number, physical address, national identity number, customer identification number or other unique number, date of birth and place of birth, beneficiary name and account number or virtual wallet number). Notabene's global VASP Counterparty Verification Network pulls data from various different sources, e.g., public registries, documents provided by VASPs, etc. and functions as a centralised database to source relevant information about counterparty VASPs. With Notabene's solution permitting VASPs to set risk-based rules, Coinut can quickly identify and verify business partners and faithfully be in-line with the global compliance standards for anti-money laundering (AML) and counter terrorist financing (CTF) and protect the platform's users as well as their respective communities.

Pelle Braendgaard, CEO of Notabene, commented,"We're pleased to work with Coinut as they demonstrate their ongoing commitment to compliance and implementing Travel Rule requirements. Coinut is integral to the Singaporean FinTech community, building solutions for a secure global economy".

Xinxi Wang, CEO & Co-Founder of Coinut, said, "Singapore has been and still aims to be the hub of fintech, including blockchain and cryptocurrency, in Asia. Being one of the earliest cryptocurrency exchanges in the country, Coinut is steadily dedicated to bringing a trusted and safe platform that is aligned with the global financial regulations for our users across the globe. We are pleased to impart our partnership with Notabene in complying with FATF's Crypto Travel Rule and the enormous help they provide in seamlessly handling the process of collecting personal data from cryptocurrency transactions and monitoring them for money laundering and financial crimes, particularly for transfers to and fro crypto exchanges and wallets of our users in FATF-regulated countries, e.g., Singapore, Canada, South Korea, Japan, and more. With this and more initiatives and partnerships in the future, our vision for Coinut as a safe, secure and fast cryptocurrency exchange is adeptly reinforced to our growing global community."

For more information on Coinut, please visit https://coinut.com/.

Hashtag: #Coinut

About COINUT

Coinut (COIN Ultimate Trading) is a cryptocurrency exchange platform that offers secure, fast, user-friendly and low transaction fees. It guarantees an offline wallet and semi-manual process of big withdrawals for fraud protection. It allows the trading of cryptocurrencies and stablecoins (BTC, LTC, ETH, USDT, XSGD) on the platform and allows deposits using debit/credit card and mobile payment apps. It supports , and with US and Singapore dollars onramp and offramp. Founded by one of the Co-founders of the Litecoin Foundation, Coinut has been in operation for 9 years since 2013 and is one of the earliest cryptocurrency exchanges in Singapore with a subsidiary in Canada. It is regulated as a Money Service Business in Canada and is supported by Boost VC from Silicon Valley, Bitmain from Beijing, and the National University of Singapore Enterprise from Singapore. Currently, Coinut boasts 1.3M active global users on the platform.

About NOTABENE

Notabene is on a mission to make secure and trusted crypto transactions a part of the everyday economy. Using privacy-preserving technology, our full-service software helps virtual asset service providers (VASPs) turn regulatory compliance into a competitive advantage. Notabene's market-leading Travel Rule compliance solution enables financial institutions, crypto exchanges, and custodians to comply with international AML regulations and guidelines. Companies such as Luno, Bitso, Crypto.com, Bitstamp, Cross River Bank, and others leverage our software to manage real-time regulatory and counterparty risk in virtual asset transactions. Headquartered in New York, Notabene is a global company with presence in Switzerland, Singapore, and the United Kingdom.

Get started today; sign up for our to respond to regulated transactions for free using the world's largest .

Times Magazine

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Decline of Hyper-Casual: How Mid-Core Mobile Games Took Over in 2025

In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

What AI Adoption Means for the Future of Workplace Risk Management

Image by freepik As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...

From Beach Bops to Alpine Anthems: Your Sonos Survival Guide for a Long Weekend Escape

Alright, fellow adventurers and relaxation enthusiasts! So, you've packed your bags, charged your devices, and mentally prepared for that glorious King's Birthday long weekend. But hold on, are you really ready? Because a true long weekend warrior kn...

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Times Features

Duke of Dural to Get Rooftop Bar as New Owners Invest in Venue Upgrade

The Duke of Dural, in Sydney’s north-west, is set for a major uplift under new ownership, following its acquisition by hospitality group Good Beer Company this week. Led by resp...

Prefab’s Second Life: Why Australia’s Backyard Boom Needs a Circular Makeover

The humble granny flat is being reimagined not just as a fix for housing shortages, but as a cornerstone of circular, factory-built architecture. But are our systems ready to s...

Melbourne’s Burglary Boom: Break-Ins Surge Nearly 25%

Victorian homeowners are being warned to act now, as rising break-ins and falling arrest rates paint a worrying picture for suburban safety. Melbourne residents are facing an ...

Exploring the Curriculum at a Modern Junior School in Melbourne

Key Highlights The curriculum at junior schools emphasises whole-person development, catering to children’s physical, emotional, and intellectual needs. It ensures early year...

Distressed by all the bad news? Here’s how to stay informed but still look after yourself

If you’re feeling like the news is particularly bad at the moment, you’re not alone. But many of us can’t look away – and don’t want to. Engaging with news can help us make ...

The Role of Your GP in Creating a Chronic Disease Management Plan That Works

Living with a long-term condition, whether that is diabetes, asthma, arthritis or heart disease, means making hundreds of small decisions every day. You plan your diet against m...