FATF News

Coinfirm said it would be able to provide the same AML/CFT analytics for assets minted on Cardano, a number that may grow as the project prepares to expand to smart contracts.

The provisions of the U.S. infrastructure bill stirred up a heated debate, but many of the fears voiced by its critics are misguided.

Any overseas activity outside Korea that has domestic effects or consequences shall be subject to the amended crypto regulation.

Arak Sutivong believes DeFi requires a framework for long-term and sustainable interactions with traditional finance.

ECLAC executive secretary stressed that there is no study yet that would have investigated potential risks or benefits of El Salvador accepting BTC as legal tender.

Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm CipherTrace.

“Portraying this sector as one which is not subject to adequate supervision is not a reflection of reality and does not do justice to the work and efforts of the MFSA and VFA Agents,” said the VFA Agents Business Unit.

The Financial Action Task Force, a membership body of 37 jurisdictions and two regional organizations, has flagged Malta’s initial push to attract cryptocurrency business as “problematic.”

Regulatory bodies must evolve with the markets they regulate, and when it comes to the crypto market, it becomes especially important.

Unhosted wallets have started to attract increasing attention from regulators, with FinCEN and the FATF seeking to control.

The final guidance expected to be issued by the FATF this summer might determine the next chapter for the decentralized finance space.

“We want to eliminate the hurdles associated with crypto trading, and streamline the experience for new retail investors,” said Finxflo CEO James Gillingham.

What are the tools that banks and financial institutions need to identify money laundering involving crypto? This explained guide reveals all.

The blockchain industry is looking to shed the negative association between digital assets and crime as the threat of additional regulatory oversight looms.

Japan has been a member of the FATF since 1990.