Ultimately, stablecoins will be covered by the same laws as other digital assets under the European Union's AMLD5.
Dr. Marcus Pleyer, deputy director general at the German Federal Ministry of Finance, started his two-year term as FATF president on July 1.
Firms need to complete their applications by end of June to give the regulator time to process applications ahead of the 2021 deadline.
According to FINCEN, there have been over 70,000 cases of digital currency-related fraud reported to their agency since 2013.
IVSM101 was developed to respond to the so-called travel rule instigated by global regulatory body the Financial Action Task Force.
Digitex's show of defiance against international financial laws may be bold, but the conditions that allowed many platforms to fly under the radar in years past may not last for long.
The National Assembly of South Korea’s legislation and judiciary committee approved the bill, following a series of delays and setbacks.
The move comes after the FATF recommended changes in policy in Hong Kong to comply more closely with its standard guidelines.
Abu Dhabi Global Market has amended its crypto framework, which has formed part of the FSRA regulations for the past two years.
Unlike BTC and BCH, privacy coins make no pretense that they are trying to follow Satoshi's vision of a global peer-to-peer cash system.
The “strategic acquisition” will see Bitfury backing the development of Shyft Network's Financial Action Task Force (FATF) travel compliance offering.