Governments have "very little incentive" to change money laundering rules to accommodate crypto, says the long-time head of the FATF.
An exchange spokesperson said the new anti-money laundering regime would make it too tough to continue operating.
Crypto companies have until September to register with financial regulators.
The FATF guidance makes a careful change of terminology, which appears to nod in the direction of NFTs.
Cryptocurrency firms in Singapore already need to have a Travel Rule solution in place to get a license.
Due to a lack of enforcement on the part of authorities, offshore crypto exchanges sell unregulated services to U.S. consumers "seemingly without penalty."
The anti-money laundering watchdog said it is confident the industry will be able to implement the data sharing requirements by June.
Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.
Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges.
Moving through the high-level confusion of an emergent field of digital assets during a pandemic presented unique challanges.
From shorter consultations to insider comments, recent rumors about U.S. regulation of private crypto wallets have some compelling context.
Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs.
At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.
The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted.
The Travel Rule Protocol working group has published the first version of its TRP API.