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.
Estonia-based BitBay announced it was dropping Monero, with the cut-off for clients holding the cryptocurrency set for February 19, 2020.
Cryptocurrency executives in South Korea that fail to register their exchanges with the country’s regulator could soon be facing time behind bars.
Outside of the previously lightly regulated cryptocurrency ecosystem, the guidance is essentially the application of FATF’s operative guidance called the “travel rule” for traditional financial institutions towards crypto businesses.
Netki has upgraded its TransactID tool in order to allow crypto companies to conform more appropriately to regulations established by the Financial Action Task Force.
Members of G20 have signed a joint declaration calling for cryptocurrency regulations against money laundering and terrorist financing.
Under the changes to FATF global standards, crypto exchanges, certain types of wallet providers and providers of financial services for ICOs will be subjected to AML/CFT regulations, such as conducting customer due diligence including ongoing monitoring, record-keeping, and reporting of suspicious transactions.