TRISA Announces 2023 Roadmap
TRISA has released its 2023 roadmap with ambitious goals to grow the network through interoperability, greater automation, improved VASP self-service tools, and strategic partnerships. The roadmap includes a comprehensive product vision statement along with key initiatives.
From Strength to Strength
As the regulatory landscape adapts to the market crises experienced in 2022, TRISA is in a strong position to deliver on its mission of providing an inclusive, open source, decentralized, and secure protocol for the safe and lawful cross-border exchange of digital assets. Now entering its third year and approaching 100 VASPs in 20 jurisdictions on its TestNet and/ or MainNet networks, TRISA is in a position to:
- Expand its global network of VASPs to advance Travel Rule compliance
- Build a network of TRISA Service Providers (TSPs) to expand TRISA’s reach
- Move forward with interoperability with other open Travel Rule solutions
- Expand its influence with local and global regulators
Significant regulatory activities on the horizon in 2023 include:
- EU: Markets in Crypto Assets Regulation (MiCA) expected to be approved in April 2023 and take effect in 2024.
- UK: Regulation 5, The Money Laundering and Terrorist Financing (Amendment for Cryptoasset Transfers) (No. 2) was approved in 2022 and will take effect Sept 2023.
- South Korea: Digital Asset Basic Act (DABA) may go to vote in June 2023.
- Dubai: Dubai’s Virtual Assets Regulatory Authority (VARA) published its 2023 Rulebooks for licensing requirements in February.
- Australia: Treasury released its Token Mapping Consultation Paper as a step toward understanding how to regulate the crypto market in February.
- Argentina: The National Securities Commission (CNV) will license and regulate crypto companies when it reforms its money laundering prevention law in 2023.
Product Vision Statement
Building on its 2022 roadmap, TRISA continues its mission to be an open global Travel Rule standard as cryptocurrency adoption and institutional interest grows. TRISA seeks to be known to VASPs, regulators, advisors, and developers as the open source, interoperable, privacy-centric, decentralized solution for Travel Rule compliance. TRISA’s Global Directory Service (GDS) aims be a robust network that delivers value to member VASPs and TRISA Service Providers. TRISA will succeed due to its proven public key infrastructure (PKI) security model, open source mission, interoperability with other Travel Rule providers, and commitment to privacy-preserving solutions.
|Interoperability||VASP Self-Service||Automation & TSP Services||Community & Protocol Support|
As the market and regulatory landscape changes, TRISA continues to receive feedback from VASPs as a channel to adapt the protocol and offer practical solutions. VASPs can send requests or feedback to [email protected].
The Travel Rule Information Sharing Alliance (TRISA) is a professional working group of VASP operators, Travel Rule solution providers, regulators, advisors, and technical implementers dedicated to making cross-border exchanges of cryptocurrencies safe and lawful. TRISA consists of several components including:
- The TRISA Working Group, a 501(c)(6) professional organization
- A white paper that describes a protocol for an open source, interoperable, and decentralized messaging layer for Travel Rule compliance
- The Global Directory Service, a network of trusted VASPs with TRISA as the Trusted VASP Certificate Authority
- An open source Github repository with documentation to implement secure messaging between VASPs