1、A series of Sumsub expert reports cited byUN|Statista|The StandardGuide to secure crypto payments in APAC,with Sumsub and RedotPayContentsMarket overview03Crypto compliance06Recommended protection measures11Future verification trends19Please avoid sharing the content of this report without crediting

2、 Sumsub.Sum and Substance Ltd(UK),2024In this report,experts from Sumsub and RedotPay cover everything you need to know about APAC crypto payments in 2024.Guide to Secure Crypto Payments in the APAC Region01 Market overviewCrypto payments are becoming more accepted worldwide.However,with the adoptio

3、n of crypto,a number of challenges arise:compliance,verification,and user safety.In the Asia-Pacific(APAC)region,the adoption of crypto brings significant regulatory challenges.Governments are cautious due to concerns about financial stability,lack of centralized control,and potential for illegal mi

4、suse.At the same time,APAC countries are proactively introducing the Crypto Travel Rule to be ready for any upcoming regulatory changes,with the majority of jurisdictions already compliant:?3/21Jurisdictional implementation&enforcement of the Travel RuleHas passed legislation putting in place the Tr

5、avel Rule for VASPsNone of the aboveIn the process of passing legislation to put in place the Travel Rule for VASPs71.43%14.29%14.28%Source:FATF(2024)Guide to Secure Crypto Payments in the APAC RegionAbout RedotPayRedotPay is a comprehensive crypto payment platform that bridges the gap between tradi

6、tional financial services and the digital currency world.The platform offers a suite of products and services aimed at facilitating seamless crypto transactions,including integration with major payment gateways like Apple Pay,Google Pay,Alipay,and PayPal.RedotPay also promotes financial inclusion by