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Argentinian Regulator Says it Wants to Adopt FATF Crypto Regulations
29.6.2023
Argentina’s top financial regulator says it wants to adopt the crypto regulations set out by the Financial Action Task Force (FATF), the international money laundering and terrorist financing watchdog.
The comments came from Sebastián Negri, the President of the National Securities Commission...
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
26.6.2023
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation
Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains ‘Relatively Poor’
25.6.2023
The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions are partially compliant or non-compliant with these...
Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says
23.6.2023
The global anti-money laundering watchdog FATF said North Korea is using digital assets to fund weapons of mass destruction
Qatar gets slammed for not taking enough action against crypto companies
2.6.2023
Qatar has been told by the global money-laundering watchdog to improve its “understanding of more complex forms” of financial crime
Qatar Needs To Make Some ‘Major Improvements’: Money Laundering Watchdog Says
1.6.2023
Qatar needs to make some “major improvements,” on how it responds to terrorist financing, according to a global money laundering and terrorist financing watchdog.
The Financial Action Task Force accused Qatar of not having enough controls and needs to better understand “more complex forms of money...
AML rules for digital assets to come into effect in UAE
31.5.2023
The licensed financial institutions would be required to identify and verify the identities of all customers
bitFlyer adopts crypto deposit limits to comply with Travel Rule
30.5.2023
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask
Crypto Exchange bitFlyer Aligns Itself With FATF 'Travel Rule' With New Restrictions
30.5.2023
The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST)
South Africa’s Perceived Pro-Russia Stance May Result in Secondary Sanctions Which Threaten Financial Stability — Central Bank
30.5.2023
The South African central bank has said the that perception that the African nation has aligned itself with Russia could result in the imposition of secondary sanctions which threaten financial stability. The bank also warned in its latest financial stability review that such a perception poses...
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
25.5.2023
Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...
Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report
24.5.2023
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers
FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'
24.5.2023
The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to conditions set by the watchdog
Japanese Gov’t Green-lights Travel Rule Adoption – Are Crypto Exchanges Struggling to Comply?
24.5.2023
The Japanese government has approved the adoption of the Travel Rule, with a new law set to come into force next month.
But domestic exchanges are experiencing difficulty with adoption, leading to crypto withdrawal difficulties.
Per Sankei News, the cabinet of ministers has signed off on...
Japan’s crypto anti-money laundering measures to start in June: Report
24.5.2023
The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”
FATF President Urges G7 to Lead in Shutting Down ‘Lawless Crypto Space’
19.5.2023
It is necessary to put an “end to the lawless crypto space,” according to the head of the Financial Action Task Force (FATF). G7 nations must set an example in implementing global standards on combating money laundering, the executive insisted, as little progress has been made in regards...
FATF President Calls on G-7 To Take the Lead To Regulate Crypto Ahead of Japan Summit
18.5.2023
The president of a global money laundering and terrorist financing watchdog is calling on the G-7 to put an end to “lawless spaces” and to take the lead to regulate cryptocurrencies.
Financial Action Task Force President Raja Kumar called on the finance ministers from some of the world’s seven...
Pakistan Finance Minister Says Country Will Never Legalize Crypto, Cites FATF Regulations
18.5.2023
Pakistan Finance Minister has said the country will not legalize crypto trading, citing regulations by the Financial Action Task Force (FATF).
On Wednesday, Pakistan Minister of State for Finance Aisha Ghaus said the government cannot permit crypto trading because of the country's recent exit from...
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
18.5.2023
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend
Pakistan to Ban Online Services Related to Cryptocurrencies
18.5.2023
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin. Crypto ‘Will Never...