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Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

News Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice on the country’s Ministry of Finance says. Oksana Markarova, Ukraine’s Finance Minister, reportedly said that the State Financial Monitoring Service of Ukraine (SFMS) will be the..

Major Banks Unknowingly Process Billions in Crypto Business, Says CipherTrace

News Blockchain intelligence firm CipherTrace has claimed that large banks may be processing up to $2 billion in undetected cryptocurrency-related transfers each year. In a press release shared with Cointelegraph on Dec. 16, CipherTrace claims that its research unit has found that every one of the..

From Health Care to Mining, Central Asia Stays on the Blockchain Beat

Crypto Map Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it is now a major talking point not only in the financial sector but also in poli..

CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance

In depth For better or for worse, the cryptocurrency space is coming of age. Since Bitcoin’s rise to mainstream prominence in 2015, there has been increasing recognition of digital assets from government agencies around the world. In turn, new regulations are being imposed to control the way crypt..

Former FATF Members Join Board of Advisors at Blockchain Company

News Former members of the Financial Action Task Force (FATF) have joined the Shyft Network’s advisory team. In a press release shared with Cointelegraph on Oct. 28, public blockchain protocol Shyft Network announced that it was adding the former head of the Canadian delegation to the FATF, Josee ..

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..

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