Sunrise Issue

The Sunrise Issue occurs because not all jurisdictions enforce the Travel Rule simultaneously, leading to gaps in compliance when Virtual Asset Service Providers (VASPs) in regulated regions transact with those in unregulated ones. This inconsistency creates challenges in securely exchanging compliance data, increasing the risk of regulatory breaches.

Ospree’s VASP-to-VASP Flow solves the Sunrise Issue by standardizing the onboarding and activation process, enabling compliant information exchange globally, regardless of jurisdiction. To discover how the VASP-to-VASP flow works, click here.

👋 Want to know more about the Sunrise Issue? Read our write-up on how crypto firms can overcome the Sunrise Issue in Travel Rule compliance.