Tag: FATFs
Turkey in “Final Stage” of Bringing Crypto Legislation as Last Step to Get off FATF’s Grey List: Minister
“We will submit a law proposal on crypto-assets to the parliament as soon as possible,” Simsek said, according to CoinDesk Turkey. “After that, there [...]
UK Crypto Firms Struggle to Implement FATF’s Travel Rule Showcasing Global Challenge for Sector
Even where implemented, there are discrepancies. Canada, for instance, requires operators to jot down beneficiaries’ postal addresses, while the U.K. [...]
Kuwait Regulator Bans Crypto Payments, Investment and Mining to Comply With FATF’s AML Rules
The Capital Markets Authority also placed an "absolute" ban on all digital asset mining, prohibited the recognition of crypto as decentralized currenc [...]
Japan to Implement FATF’s Crypto Anti-Money Laundering Law Known as ‘Travel Rule’ Next Month: Report
Japan's crypto industry has been grappling with the travel rule since 2021 when Japan’s Financial Services Agency (FSA) requested virtual asset servic [...]
Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list’ — Report
Countries failing to adhere to anti-money laundering (AML) guidelines for cryptocurrencies could find themselves added to the Financial Action Task Fo [...]
[SPONSORED] Getting Ready for The FATF’s Upcoming Virtual Asset Guidance
This October, the Financial Action Task Force (FATF), the global anti-money laundering watchdog, is expected to adopt sweeping updates to its guida [...]
What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets
FATF warns regulators to not blindly accept the crypto industry marketing that loosely calls various platforms “decentralized.” In function, these [...]
Crypto.com to make use of CipherTrace instrument to adjust to FATF’s journey rule
Crypto.com, the creator of a cryptocurrency alternate, pockets, debit card program and crypto app, is strengthening its compliance toolkit by imple [...]
BitMEX Introduces Knowledge Storage Framework for FATF’s Journey Rule
Crypto trade BitMEX has revealed a framework of ideas for a way finest to retailer extra batches of transactional provenance information, a require [...]
How One Agency Is Addressing the Interoperability Downside Posed by FATF’s Journey Rule
Crypto corporations enthusiastically constructing options to deliver the trade according to anti-money laundering (AML) benchmarks could also be cr [...]
CoolBitX Partnering with Elliptic to Tackle FATF’s Journey Rule
FinTech firm CoolBitX could have an answer for international locations that haven't but complied with the Monetary Motion Job Power’s “journey rule [...]
BitGo Releases Crypto Pockets Compliance Software for FATF’s Journey Rule
BitGo, one of many world’s largest Bitcoin (BTC) transaction processors, is integrating a brand new API into its crypto pockets service to help the [...]
Germany Seeks to Develop FATF’s Digital Efforts as It Assumes Presidency of Monetary Watchdog
The Monetary Motion Job Power (FATF), a worldwide cash laundering and terrorist financing watchdog, mentioned it will prioritize strengthening its [...]
Blockchain Bites: PayPal’s Push, FATF’s Guidelines and ‘Overstated’ Libra Fears
Yesterday, it got here to gentle that crypto performance might come to PayPal and Venmo. If true, as substantiated by three nameless sources and in [...]
Famous Tax Haven Cayman Islands Sees New Payments to Carry Native Crypto to FATF’s Heel
On April 28, the legislative meeting of the Cayman Islands gazetted 5 new items of laws governing crypto companies — particularly exchanges. How th [...]