crypto.com, a Hong Kong-based cryptocurrency payment platfrom with over a 3 million user base has become the first firm to use CipherTrace’s new traveler tool to comply with FATF’s global Anti-Money Laundering (AML) travel rule laws. The newly updated FATF guidelines are considered to be quite complex and thus a compliant solution from CipherTrace makes
crypto.com, a Hong Kong-based cryptocurrency payment platfrom with over a 3 million user base has become the first firm to use CipherTrace’s new traveler tool to comply with FATF’s global Anti-Money Laundering (AML) travel rule laws. The newly updated FATF guidelines are considered to be quite complex and thus a compliant solution from CipherTrace makes
Binance, the world’s leading cryptocurrency exchange by trading volume has hired two former FATF executives as its regulatory and compliance advisors. The new appointees include former FATF Executive Secretary Rick McDonell and former Head of the Canadian delegation to the FATF Josée Nadeau. As Bitcoin hodlers worry about FATF regulations, the world's largest Bitcoin exchange,
Binance, the world’s leading cryptocurrency exchange by trading volume has hired two former FATF executives as its regulatory and compliance advisors. The new appointees include former FATF Executive Secretary Rick McDonell and former Head of the Canadian delegation to the FATF Josée Nadeau. As Bitcoin hodlers worry about FATF regulations, the world's largest Bitcoin exchange,
Dash [DASH], which is deemed as a privacy coin, has come under fire for its alleged non-compliance with FATF’s travel rule. Many exchanges including OKEx, Coincheck and CEX.io have already delisted Dash or are considering doing it. However, Dash’s Regional Manager for Business Development in the US-Canada region, Omar Hamwi, has established that Dash is
Dash [DASH], which is deemed as a privacy coin, has come under fire for its alleged non-compliance with FATF’s travel rule. Many exchanges including OKEx, Coincheck and CEX.io have already delisted Dash or are considering doing it. However, Dash’s Regional Manager for Business Development in the US-Canada region, Omar Hamwi, has established that Dash is
The G7 task force has finally released its report. The latter highlights the shortcomings in the prevailing cross- border payment systems. However, the force is still wary if stablecoins will be able to resolve the same owing to their operational challenges. Member Nations To Allow GSC Launch Post Ensuring Regulatory Compliance The report alleges that
The G7 task force has finally released its report. The latter highlights the shortcomings in the prevailing cross- border payment systems. However, the force is still wary if stablecoins will be able to resolve the same owing to their operational challenges. Member Nations To Allow GSC Launch Post Ensuring Regulatory Compliance The report alleges that
With Bitcoin recently turning 10, the question that what is the actual value of cryptocurrencies still remains. Cryptocurrency easily gives the financial system a tough competition. Be it the seamless cross border payments or garnering support for the people not having a bank account, cryptocurrencies have come a long way. However, it is increasingly being
With Bitcoin recently turning 10, the question that what is the actual value of cryptocurrencies still remains. Cryptocurrency easily gives the financial system a tough competition. Be it the seamless cross border payments or garnering support for the people not having a bank account, cryptocurrencies have come a long way. However, it is increasingly being
The Financial Action Task Force might be aiming to go all-in into the crypto space with the ultimate aim of achieving the impossible – eliminating anonymity from Bitcoin transactions. It has also devised a plan for this goal. In what could be described as a synergistic performance, within the last year, financial regulators around the
The Financial Action Task Force might be aiming to go all-in into the crypto space with the ultimate aim of achieving the impossible – eliminating anonymity from Bitcoin transactions. It has also devised a plan for this goal. In what could be described as a synergistic performance, within the last year, financial regulators around the
The V20 Summit, a Virtual Asset Summit that was held on 28-29th June in Osaka, Japan has attempted to identify the challenges and guidelines VASPs must adhere to. VASPs or Virtual Asset Service Providers primary includes cryptocurrency Exchanges, custody firms, wallet providers, etc. The ‘Travel Rule’ Imposition Proposal by FATF In their declaration to develop
The V20 Summit, a Virtual Asset Summit that was held on 28-29th June in Osaka, Japan has attempted to identify the challenges and guidelines VASPs must adhere to. VASPs or Virtual Asset Service Providers primary includes cryptocurrency Exchanges, custody firms, wallet providers, etc. The ‘Travel Rule’ Imposition Proposal by FATF In their declaration to develop
The world’s largest cryptocurrency Exchange representatives will sit together with Global finance leaders and global policymakers of the G20 Association in Japan later this month, according to a Financial Times report. Circle, Coinbase, bitFlyer, Kraken, and Huobi have all been confirmed as attendees of the meeting. The Conference has been dubbed as V20, a Virtual Asset
The world’s largest cryptocurrency Exchange representatives will sit together with Global finance leaders and global policymakers of the G20 Association in Japan later this month, according to a Financial Times report. Circle, Coinbase, bitFlyer, Kraken, and Huobi have all been confirmed as attendees of the meeting. The Conference has been dubbed as V20, a Virtual Asset
The Financial Action Task Force, also known by its French name, Groupe d’action financière, is an intergovernmental organization founded in 1989. Their primary goal is to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system. Currently, there are 37 members countries of FATF. The G20 is an International
The Financial Action Task Force, also known by its French name, Groupe d’action financière, is an intergovernmental organization founded in 1989. Their primary goal is to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system. Currently, there are 37 members countries of FATF. The G20 is an International
G20 Finance Ministers & Central Bank Governors Meeting, that was held over the weekend of July 22, 2018, in Argentina, have echoed the suggestion of its Financial Stability Board that while crypto-assets do not at this point pose a global financial stability risk, the global body still remains vigilant. The same was communicated in the
G20 Finance Ministers & Central Bank Governors Meeting, that was held over the weekend of July 22, 2018, in Argentina, have echoed the suggestion of its Financial Stability Board that while crypto-assets do not at this point pose a global financial stability risk, the global body still remains vigilant. The same was communicated in the
Global Financial Criminal Watchdog, The Financial Action Task Force(FATF) is planning to hold discussions later this month, in June, to formulate governing rules and guidelines to govern cryptocurrency exchanges. It will principally make sure effective countermeasures are in place to prevent activities such as money laundering and terrorist funding, according to a Japanese government official
Global Financial Criminal Watchdog, The Financial Action Task Force(FATF) is planning to hold discussions later this month, in June, to formulate governing rules and guidelines to govern cryptocurrency exchanges. It will principally make sure effective countermeasures are in place to prevent activities such as money laundering and terrorist funding, according to a Japanese government official
The G20 Summit of March 2018 has come up with July as the deadline for the cryptocurrency regulations. The member nations have unified on examining the cryptocurrencies to gather data before proposing regulations. Meanwhile, the G20 nations will be following the FATF standards for money laundering. A consolidated cryptocurrency regulation decision The two day G20
The G20 Summit of March 2018 has come up with July as the deadline for the cryptocurrency regulations. The member nations have unified on examining the cryptocurrencies to gather data before proposing regulations. Meanwhile, the G20 nations will be following the FATF standards for money laundering. A consolidated cryptocurrency regulation decision The two day G20
The Crypto G20 summit next week will focus on increasing the efforts to protect the consumer interests through AML and KYC requirements. The FATF will also report its finding on keeping from the use of cryptocurrency for money laundering. Also, read… Govt. of India starts its quest to find a final solution to Bitcoin mania 2018 G20 Buenos
The Crypto G20 summit next week will focus on increasing the efforts to protect the consumer interests through AML and KYC requirements. The FATF will also report its finding on keeping from the use of cryptocurrency for money laundering. Also, read… Govt. of India starts its quest to find a final solution to Bitcoin mania 2018 G20 Buenos
