South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards

South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF StandardsSouth Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Also read: Bitcoin Legal […]

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G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards

G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF StandardsThe G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also informed that the Financial Stability Board will soon issue its crypto […]

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