Home Tags Fatf

Tag: fatf

FATF Raises Money Laundering Concerns Over Libra and Stablecoins

News Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s Libra and other stablecoins. Mass adoption of such currencies could hinder efforts to detect and stamp out money laundering and terrorist financing, Reuters ..

FATF AML Regulation: Can the Crypto Industry Adapt to the Travel Rule?

Analysis Regulators are clamping down on cryptocurrency, and companies around the world are feeling the strain. In late June, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new guidelines on how digital assets should be regulated. ..

Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules

News Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering (AML) compliance. New platform for FATF complianceThe integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance wit..

Crypto Exchange OKEx Delists Privacy Coins Over FATF Travel Rule

OKEx Korea, the South Korean branch of the popular crypto trading platform has announced the removal of five privacy-focused cryptocurrencies from its trading catalog. The exchange becomes the latest to no longer offer crypto trading pairs that include a high-anonymity coin. The news also signals a..

Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes Ne..

15 Countries to Develop Crypto Transaction Tracking System: Report

News About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies. The Financial Action Task Force (FATF) is planning to prepare detailed measures by 2020, according to a report by Tokyo-bas..

Japan Wants to Develop Cross-Border Cryptocurrency Payments Network Similar to SWIFT

Japan is reportedly looking to create an international payment infrastructure for cryptocurrency transactions similar to SWIFT. The project appears to be part of the country’s push toward regularizing the crypto industry but this time, beyond its borders. While details still remain unclear, there a..

Indian Government Breaks Silence on Crypto Regulation

The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has alr..

G7 Approves Japan’s Cryptocurrency-Based SWIFT Alternative

News The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT. Replace SWIFT with a global crypto payments network?Citing an anonymous source, a Reuters report published on July 18 claimed that the country’s pus..

Bitcoin’s Correlation to Traditional Markets Could be Problematic, Analyst

Author and financial analyst, Timothy Peterson, believes that Bitcoin’s growing correlation to Japan’s MSCI could end badly if traditional markets sharply correct. Bitcoin Correlation in Japan’s Markets Timothy Peterson, the author of Metcalfe’s Law as a Model for Bitcoin’s Value, recently tweeted..

Get in touch

345FansLike
7,042FollowersFollow
189FollowersFollow
1,560SubscribersSubscribe