The congressmen called proposed guidance from the Financial Action Taskforce "concerning."
Shyft’s Veriscope product now boasts some 35 crypto service providers including Binance, Bitfinex, Tether and Huobi.
The mainnet will host a “decentralized SWIFT” and look to connect DeFi pools without sacrificing composability.
The existence of hate organizations should not give grounds for increased financial surveillance.
“Some [extreme right wing] groups have used so called ‘privacy coins,’” the FATF report states.
The statement comes after Mexican billionaire Ricardo Salinas Pliego said his bank would accept bitcoin.
BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.
Only 58 out of 128 jurisdictions have stepped up, the anti-money laundering watchdog said Friday.
Regulatory insiders say the sheer volume of crypto feedback means updated guidance from the FATF could be delayed.
The move could open the door to more FATF-friendly DeFi in the BSC ecosystem.
FATF may have DeFi in its sights, but Aave general counsel Rebecca Rettig is keeping watch on the watchdog.
The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.