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.
Intergovernmental organization Financial Action Task Force (FATF) is reportedly preparing to tighten up the rules for cryptocurrency exchanges.
Crypto businesses in Canada will be required to cooperate with current regulations that require reporting large transactions of more than US$7,700, among others.