Emmer, Soto Reintroduce Legislation to Clarify ‘Money Transmitter’ Designation

The congressmen called proposed guidance from the Financial Action Taskforce "concerning."

Policy & regulation  ·  17 August 2021

BitMEX, Deribit Tap Shyft Network for FATF ‘Travel Rule’ Solution

Shyft’s Veriscope product now boasts some 35 crypto service providers including Binance, Bitfinex, Tether and Huobi.

Business  ·  17 August 2021

The Case for Collaborating on Crypto Regulations

An OpenVASP board member looks to Switzerland as a model for self-regulatory action for crypto.

Policy & regulation  ·  7 July 2021

Ethereum-Based Shyft Network Launches, Aims for FATF-Compliant DeFi

The mainnet will host a “decentralized SWIFT” and look to connect DeFi pools without sacrificing composability.

Business  ·  7 July 2021

Why I’m Skeptical of FATF’s ‘Extreme Right Wing’ Watch

The existence of hate organizations should not give grounds for increased financial surveillance.

People  ·  30 June 2021

FATF Report on Extreme Right Financing Highlights Cryptocurrency Use

“Some [extreme right wing] groups have used so called ‘privacy coins,’” the FATF report states.

Policy & regulation  ·  30 June 2021

Mexico’s Finance Minister Confirms Cryptos Are Banned From Financial System

The statement comes after Mexican billionaire Ricardo Salinas Pliego said his bank would accept bitcoin.

Policy & regulation  ·  28 June 2021

US Crypto Giants Build First Version of FATF-Compliant ‘Travel Rule’ Tool

BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.

Policy & regulation  ·  25 June 2021

FATF Says Majority of Countries Still Haven’t Implemented Watchdog’s Crypto Guidance

Only 58 out of 128 jurisdictions have stepped up, the anti-money laundering watchdog said Friday.

Policy & regulation  ·  25 June 2021

What Crypto Firms Can Expect From Friday’s FATF Plenary Meeting

Regulatory insiders say the sheer volume of crypto feedback means updated guidance from the FATF could be delayed.

Policy & regulation  ·  24 June 2021

Binance Smart Chain Adds CipherTrace for Tracking Illicit Transactions

The move could open the door to more FATF-friendly DeFi in the BSC ecosystem.

Business  ·  27 May 2021

DeFi Is Not TradFi: Why FATF’s Guidance Would Stifle Growth

FATF may have DeFi in its sights, but Aave general counsel Rebecca Rettig is keeping watch on the watchdog.

Policy & regulation  ·  11 May 2021

Japan to Adopt FATF Travel Rule for Crypto

The FSA wants to implement the rule by April 2022.

News  ·  1 April 2021

State of Crypto: FATF’s New Guidance Takes Aim at DeFi

The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.

Policy & regulation  ·  30 March 2021

Binance Adds Former FATF Officers to Regulatory Strategy Team

The former FATF officials will help steer Binance's global regulatory strategy, the exchange said.

News  ·  25 March 2021