FATF

FATF

Iranian General Advocates Crypto Use for Skirting Sanctions: Report

Iranian General Saeed Mohammed is calling for the use of crypto to help Iran evade sanctions designed to isolate it from the global financial system, according to Coinit.ir.

News  ·  27 February 2020
Exchanges

CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly

In 2020, the startup’s focus is on new products and features that comply with new rules from the Financial Action Task Force.

Business  ·  25 February 2020
Regulation

G-20 Urges Countries to Adopt Tough FATF Rules on Cryptocurrencies

FATF's guidance compels crypto exchanges to share user data with one another.

Policy & regulation  ·  24 February 2020
Regulation

Inside the Standards Race for Implementing FATF’s Travel Rule

Crypto businesses are figuring out how to comply with the Financial Action Task Force’s “Travel Rule.” And putting technical solutions in place is proving to be just as tricky as the legal and operational issues involved.

Business  ·  4 February 2020
FATF

Ukraine Plans to Track Suspicious Crypto Transactions Above $1,200

Ukraine’s financial watchdog will track crypto transactions exceeding $1,200, according to the head of its Ministry of Finance.

News  ·  27 January 2020
FATF

Inside the Osaka Conference Where Crypto Got Serious About FATF’s ‘Travel Rule’

Held in June, the V20 Summit was a chance for the industry to respond to a highly controversial set of recommendations handed down by the Financial Action Task Force (FATF).

Policy & regulation  ·  31 December 2019
FATF

Binance Blockade of Wasabi Wallet Could Point to a Crypto Crack-Up

2020 may see crypto’s most consequential fork yet: A split between the worlds of regulated exchanges and privacy-focused users.

Policy & regulation  ·  26 December 2019
FATF

Paraguay Audits Local Crypto Industry to Prepare for FATF-Style Regulations

Paraguay has conducted a mass audit of local cryptocurrency businesses, paving the way for the country’s first virtual asset regulations in 2020.

Policy & regulation  ·  24 December 2019
Exchanges

Another Crypto Exchange Is Dropping Privacy Coin Monero Over Compliance Risk

BitBay exchange is the latest to delist the privacy-focused monero cryptocurrency over AML concerns.

Markets  ·  26 November 2019
FATF

Shyft Adds FATF Veterans as Advisors for Its Crypto Compliance Product

Shyft Network is building a blockchain solution to help crypto exchanges comply with the FATF's "travel rule" guidance.

Markets  ·  29 October 2019
Regulation

FATF Joins BIS in Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.

Policy & regulation  ·  18 October 2019
Exchanges

OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash

OKEX Korea is reconsidering a decision to delist the privacy coins zcash and dash it announced in September.

Policy & regulation  ·  10 October 2019
Regulation

How Anti-Money-Laundering Rules Hinder Libra’s Mission to Reach the Unbanked

A "step-ladder" approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.

Policy & regulation  ·  9 October 2019
Regulation

Bittrex Adopts Chainalysis KYT Software to Flag Suspicious Activity

Bittrex's implementation of the intelligence software may help prevent bad actors from operating on the American exchange.

Policy & regulation  ·  26 September 2019
Exchanges

OKEX Korea Drops 5 Privacy Cryptocurrencies Citing FATF Rules

The Korean arm of the exchange has dropped support for privacy-enhancing cryptocurrencies including monero, zcash and dash.

Policy & regulation  ·  16 September 2019