FATF is grading the U.S. with the equivalent of a “B” for its cryptocurrency regulation
Canada’s financial regulators tighten the reins on the crypto industry. Will those changes benefit the local market in the long run?
Korean exchange Bithumb has partnered with Chainalysis to monitor transactions and ensure compliance with new South Korean regulations
South 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 […]
The post South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards appeared first on Bitcoin News.
Ukrainian officials must report crypto holdings as part of national anti-corruption measures
Binance has partnered with the Shyft Network as the exchange prepares with new compliance standards from the FATF
Hong Kong’s AML/CTF laws will apply to crypto exchanges and remitters, and dealers of precious metals and stones
The 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 […]
The post G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards appeared first on Bitcoin News.
FATF’s deadline for crypto AML adoption is looming, and several counties have implemented the rules. But how are crypto firms coping under the new regime?
Banks who ignore crypto could be setting themselves up for trouble in more ways than one