In the rapidly evolving and highly competitive world of digital banking, revenue is seemingly the driving force. Like in any other industry, most fintechs are aiming to come up with the next big innovation to earn customers’ business.

 How to throw a hard drive with $16 million into a landfill, and other “cryptocurrency” stories

A new survey revealed that members and investors of the cryptocurrency industry are eager to comply with the Travel Rule. The Travel Rule was issued by the Financial Action Task Force’s (FATF). The Travel Rule states that providers of cryptocurrencies and tokens must ask for and provide customer data for transactions over a specific amount. Similar rules are already in place in the American finance sector. For example, federally insured banks must report deposits in excess of $10,000 total and cash withdrawals in excess of $10,000. Banks must report these transactions to the IRS on the same day as they take place.