Only 58 out of 128 jurisdictions have stepped up, the anti-money laundering watchdog said Friday.
The government plans to introduce licensing for virtual asset service providers.
FATF may have DeFi in its sights, but Aave general counsel Rebecca Rettig is keeping watch on the watchdog.
An exchange spokesperson said the new anti-money laundering regime would make it too tough to continue operating.
Cryptocurrency firms in Singapore already need to have a Travel Rule solution in place to get a license.
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.
South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
A Financial Action Task Force meeting this week is proving to be a popular time for industry players to launch compliance-minded tech solutions.
The standard defines a uniform model for data that must be exchanged by crypto firms alongside transactions.
CipherTrace is rolling out a toolkit to help banks flag accounts and crypto-related transactions that may be suspicious.