A “step-ladder” approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.
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.
OKEX Korea Drops 5 Privacy Coins Citing FATF Rules
The Korean arm of the exchange has dropped support for privacy-enhancing cryptocurrencies including monero, zcash and dash.
Facebook Libra Is Seeking to Register as a Payment System in Switzerland
The company set up to run Facebook’s Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.
CipherTrace Enters Race to Solve Crypto’s FATF Compliance Headache
CipherTrace has rolled out software for sharing sensitive customer information under the FATF’s new “travel rule” for global crypto exchanges.
Netki Retools Digital ID Service for FATF’s New Crypto ‘Travel Rule’
Nekti has upgraded its digital ID service to help crypto firms meet the FATF’s tough new standards for combating money laundering.
15 Nations Plan Global Crypto Monitoring System Under FATF: Report
Fifteen nations are said to be planning to set up a system to monitor crypto transactions alongside the Financial Action Task Force.
Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report
Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT.
Planned Blockchain Solution for FATF ‘Travel Rule’ Compliance Keeps User Data Private
CipherTrace is teaming with Shyft on a blockchain solution to help crypto firms meet tough new standards from the Financial Action Task Force.
Chainalysis Hires FinCEN Vet to Tackle Crypto’s New ‘Travel Rule’ Challenge
Chainalysis has hired a FinCEN official to help crypto firms comply with tough new FATF data-sharing requirements.
All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules
The Financial Action Task Force has officially ruled that crypto firms worldwide must share client data with each other.
It’s FATF’s Way or the Highway for Crypto Exchanges. That’s a Big Mistake
The crypto industry can fight money launderers effectively, but not the way FATF wants it to, a CEX.IO compliance officer writes.
G20 Reaffirms It Will Apply Expected Tough New FATF Rules on Crypto
The G20 has reaffirmed it will apply standards to counter money laundering and terrorism funding, soon to be finalized by the Financial Action Task Force.
The Cat-and-Mouse Game of Crypto Regulation Enters a New Phase
The cat-and-mouse game between regulators and crypto developers could spur a new era of innovation around the technology, writes Michael J. Casey.
Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit
Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June’s G20 meeting.
Beyond KYC: Global Regulators Appear Set to Adopt Tough New Rules for Crypto Exchanges
Exchanges will likely have to collect information about their clients’ crypto transactions under new global standards expected in June.
Chainalysis Adds Real-Time Transaction Monitoring for 4 More Cryptos
Blockchain compliance startup Chainalysis has added support for Binance’s native token BNB and three stablecoins to its transaction monitoring tool.
‘Onerous’ FATF Recommendations Harmful for Crypto Transparency: Chainalysis
The international watchdog’s draft recommendation for KYC compliance are unrealistic and may be harmful to the crypto industry, says Chainalysis.
UK Crypto Exchanges Pose Low Money Laundering Risk, Says Global Watchdog
Crypto exchanges in the U.K. pose a “low” risk for money laundering and terrorist financing, says a report from the Financial Action Task Force.
Global AML Watchdog to Release Crypto Regulations By Next June
Global money-laundering watchdog, the Financial Action Task Force, has said it will draw up rules for cryptocurrency regulation by next summer.