Coinbase CEO Brian Armstrong publicly voiced concern that the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.
FATF Needs Entirely New Approach to Regulating Crypto, Says V20 Summit
Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs.
Why FinCEN Wants Details on All Cross-Border Transactions Over $250
At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.
South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
South Korea’s top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools
The Travel Rule Protocol working group has published v1 of its TRP API.
User Profiling Can Help Regulators Identify Illegal Crypto Activity, Says FATF
The international watchdog has recommended comparing users’ age and wealth with their crypto transactions to identify possible criminal activity.
FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force
Shyft Network is adding Huobi, Bitfinex and Tether to its crypto-focused anti-money laundering platform as the sector ramps up FATF compliance efforts.
Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed
The new bitcoin transaction automatically complies with the FATF Travel Rule and will save intermediaries from doing it all manually.
Where FATF Crypto Compliance Gets Interesting: Africa
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF’s anti-money laundering standards.
How One Firm Is Addressing the Interoperability Problem Posed by FATF’s Travel Rule
Crypto companies building solutions to the FATF “Travel Rule” may be creating a new interoperability problem. Netki is offering a fix.
Shyft Debuts ‘Decentralized Version of SWIFT’ for FATF Travel Rule
Shyft Network says 30+ exchanges are testing its blockchain-based solution to help cryptocurrency companies comply with the FATF Travel Rule.
BitGo Looks to Rally Exchange Clients Around FATF Travel Rule Product
BitGo has joined the pack of solution providers attempting to bring crypto in line with FATF anti-money laundering standards.
BitGo Looks to Rally Exchange Clients Around FATF Travel Rule Product
BitGo has joined the pack of solution providers attempting to bring crypto in line with FATF anti-money laundering standards.
Is the Travel Rule Good or Bad for Crypto? Both
A new international rule requiring digital asset operators to report transactions could spilt the crypto industry in two, argue two researchers.
FATF Meets Wednesday to Discuss ‘Travel Rule’ for Digital Assets
The Financial Action Task Force holds its summer plenary meeting Wednesday. Here’s what to expect with the anti-money laundering watchdog discussing crypto.
Blockchain Bites: PayPal’s Push, FATF’s Rules and ‘Overstated’ Libra Fears
Industry leaders reflect on PayPal’s reported plan to offer direct access to crypto for its 325M users, while banks and crypto startups look for solutions to FATF’s Travel Rule.
Identity Startup Notabene Launches Exchange Tool for FATF Travel Rule Compliance
A Financial Action Task Force (FATF) meeting this week is proving to be a popular time for industry players to launch compliance-minded tech solutions.
In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers
ING Bank, Standard Chartered and others have developed a protocol to handle a new rule for crypto exchanges and firms dealing in digital assets.
Crypto ‘Gray’ Markets Could Be Unintended Consequence of FATF Travel Rule
Clean bitcoin, dirty bitcoin. Could FATF regulations lead to a bifurcation of the crypto space, one where certain digital assets trade at lower prices?
1.4% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned Crypto
More than 70,000 crypto-related SARs had been filed with FinCEN since 2013, director Kenneth Blanco said Wednesday.