FATF

FATF

Crypto Must Apply Safety Lessons of the Existing Financial System

Governments have "very little incentive" to change money laundering rules to accommodate crypto, says the long-time head of the FATF.

Policy & regulation  ·  25 March 2021
FATF

Crypto Exchange OKEx Korea to Close as New AML Rules Come Into Force

An exchange spokesperson said the new anti-money laundering regime would make it too tough to continue operating.

Business  ·  23 March 2021
FATF

Korean Government Approves Crypto AML Rule Set to Come Online Thursday

Crypto companies have until September to register with financial regulators.

News  ·  22 March 2021
DeFi

Financial Watchdogs Have DeFi in Their Sights, Alter Wording Around NFTs

The FATF guidance makes a careful change of terminology, which appears to nod in the direction of NFTs.

Policy & regulation  ·  20 March 2021
FATF

CipherTrace Releases Its FATF-Friendly AML Tools for Crypto Exchanges

Cryptocurrency firms in Singapore already need to have a Travel Rule solution in place to get a license.

Business  ·  11 March 2021
Coinbase

Coinbase Calls Out Binance as It Bemoans Compliance Burden

Due to a lack of enforcement on the part of authorities, offshore crypto exchanges sell unregulated services to U.S. consumers "seemingly without penalty."

Business  ·  26 February 2021
FATF

FATF Says It Is Open to Amending Crypto Travel Rule Guidance

The anti-money laundering watchdog said it is confident the industry will be able to implement the data sharing requirements by June.

Policy & regulation  ·  25 February 2021
FATF

‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule

Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.

Policy & regulation  ·  18 February 2021
BitMEX

BitMEX Introduces Data Storage Framework for FATF’s Travel Rule

Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges.

Business  ·  9 February 2021
FATF

The Global Challenge of Regulating Virtual Assets

Moving through the high-level confusion of an emergent field of digital assets during a pandemic presented unique challanges.

People  ·  24 December 2020
FATF

Industry Pros Weigh In on Rumors of New Crypto Wallet Regulations

From shorter consultations to insider comments, recent rumors about U.S. regulation of private crypto wallets have some compelling context.

Policy & regulation  ·  27 November 2020
FATF

FATF Needs Entirely New Approach to Regulating Crypto, Says V20 Summit

Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs.

Business  ·  18 November 2020
FATF

Why FinCEN Wants Details on All Cross-Border Transactions Over $250

At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.

Policy & regulation  ·  16 November 2020
CoinFlash

Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses

The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted.

Policy & regulation  ·  2 November 2020
FATF

Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools

The Travel Rule Protocol working group has published the first version of its TRP API.

Business  ·  8 October 2020