Privacy coins like Monero are the black sheep of crypto
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.
Latest Financial Action Task Force News
Bitfury invests in Shyft Network FATF compliance platform
The “strategic acquisition” will see Bitfury backing the development of Shyft Network's Financial Action Task Force (FATF) travel compliance offering.
BitBay exchange latest to drop Monero over money laundering risks
Estonia-based BitBay announced it was dropping Monero, with the cut-off for clients holding the cryptocurrency set for February 19, 2020.
South Korea wants criminal penalties for unregistered crypto exchanges
Cryptocurrency executives in South Korea that fail to register their exchanges with the country’s regulator could soon be facing time behind bars.
Why you must rethink FATF now
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 wants to help crypto companies keep the FATF happy
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.
G20 nations agree to regulate crypto in line with FATF rules
Members of G20 have signed a joint declaration calling for cryptocurrency regulations against money laundering and terrorist financing.
Int’l watchdog readies crypto-related AML rules for June 2019 rollout
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.
Int’l AML watchdog considers tightening rules for crypto exchanges
Intergovernmental organization Financial Action Task Force (FATF) is reportedly preparing to tighten up the rules for cryptocurrency exchanges.
New crypto rules rolled out for Canadian exchanges, payment processors
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.
EU, 35 countries agree revisions for global cryptocurrency markets
The group urged the global body to improve the understanding of money laundering risks relating to cryptocurrencies, according to reports.