Tag: FATF

FATF Holds Global Forum to Discuss Crypto Supervision

FATF Holds Global Forum to Discuss Crypto Supervision The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies […]

As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted

As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted Since the inception of Bitcoin, governments have tried to keep track of all the transactions taking place on the public blockchain. As the years progressed, authorities have shown a distaste for cryptocurrency mixing applications like Coinjoin. On Dec. 19, a Binance […]

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

South Korean Committee Passes Bill Enforcing FATF Crypto Rules South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force. […]

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal Reserve […]

FATF Starts Checking How Well Countries Implement Crypto Standards

FATF Starts Checking How Well Countries Implement Crypto Standards The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these […]

Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

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 […]

Updated Crypto Guidelines From FATF Has Far-Reaching Implications

Updated Crypto Guidelines From FATF Has Far-Reaching Implications The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market […]

FATF Releases Global Standards for Crypto Assets

FATF Releases Global Standards for Crypto Assets The Financial Action Task Force adopted its new rules on crypto assets and published its updated Guidance on Virtual Assets and Virtual Asset Service Providers Friday. Under these new measures, crypto service providers will be required to implement the same requirements as traditional […]