Category: FATF

It’s FATF’s Way or the Highway for Crypto Exchanges. That’s a Big Mistake

Serhii Mokhniev, CAMS, is a regulatory affairs counsel at CEX.IO, a London-based bitcoin exchange. In a few weeks, the Financial Action Task Force (FATF) is expected to adopt a proposal to impose the standards of wire transfers on blockchain transactions. Despite concerns raised at a private sector consultative forum in […]

Crypto Institutional Adoption: New FATF Guidelines Could Be A Major Blockade

Cryptocurrencies have scaled so many blockades since the emergence of the first blockchain output, Bitcoin. In the past couple of years, digital currencies are beginning to gain more ground in acceptance and awareness, but stern prying by the government and financial regulatory authorities may hinder the free advancement and institutional […]

FATF to Release New Rules for Global Crypto Sector, Impacting Exchanges, Funds, Custodians

On June 21, the Financial Action Task Force (FATF) will reportedly publish a note clarifying how participant nations should exercise oversight for the digital assets sector, according to FATF spokeswoman Alexandra Wijmenga-Daniel. The news was reported by Bloomberg on June 12. Per Bloomberg, the new rules will apply to a […]

Financial Action Task Force [FATF] may be the cryptocurrency industry’s biggest challenge yet

Regulation for the better part of a decade, has been at loggerheads with the cryptocurrency industry. From being exhibited at the world stage as a rebellious, government-shunning decentralized currency to proponents of the industry voicing their support for “necessary regulation,” financial watchdogs are key players within the industry. According to […]

G20 Welcoming Efforts of Global Regulatory Bodies on Crypto Regulation

Following June 9 G20 meeting in Fukuoka, Japan, the G20 finance ministers, and central bank governors filed a request with the Financial Stability Board (FSB) to monitor cryptoassets-associated risks. Finance ministers and central bank chiefs from the Group of 20 (G20) major economies asked international organizations, including the International Organization […]

Coinbase Wants To Control Who You Send Crypto To

An extremely unsettling development regarding the infringement of privacy may be upon everyone involved in the cryptocurrency space, especially for those who use regulated cryptocurrency exchanges and custody services like Coinbase, the popular US-based cryptocurrency exchange. As reported by CoinDesk, the Financial Action Task Force (FATF) is releasing new rules […]