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Germany Takes Over FATF Presidency With New Guidance to Help Countries Apply Crypto Standards
4.7.2020
The Financial Action Task Force (FATF) has a new president as Germany took over the presidency from China. The intergovernmental organization also highlighted the need for more guidance on cryptocurrencies as many countries have not yet fully implemented its revised crypto standards. Another review...
South Africa Proposes 30 Rules to Regulate Cryptocurrency
19.4.2020
South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They aim to be in compliance with the cryptocurrency standards set by...
Former Bakkt CEO Appointed to Trump’s Task Force for Reopening the Economy
17.4.2020
Kelly Loeffler, former CEO of Intercontinental Exchange subsidiary Bakkt, is joining Trump’s bipartisan task force for getting Americans back to work
EU-Founded Task Force to Study How Blockchain May Help COVID-19 Response
16.4.2020
Some blockchain-based solutions may be more useful in fighting COVID-19 than others, and the European Commission is supporting a task force to identify them
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
Cardano’s Commercial Arm to Help Uzbekistan Form Blockchain Task Force
20.1.2020
Cardano’s Emurgo will help Uzbekistan form a blockchain task force to develop regulations for security token offerings and exchanges
FATF Holds Global Forum to Discuss Crypto Supervision
18.1.2020
The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that...
South Korean Central Bank to Organize a CDBC Task Force
27.12.2019
South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology
South Korea Forms Task Force for Central Bank Digital Currency Research
27.12.2019
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
US to Strictly Enforce Crypto Rules Similar to FATF Guidelines
19.11.2019
The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal...
Crypto Leaders Propose Open Compliance Protocol For Financial Action Task Force
16.11.2019
Can a new compliance protocol make it easier to follow FATF regulation?
Securities Numbering Body Launches Task Force to Standardize Digital Assets
23.10.2019
The Association of National Numbering Agencies is addressing the lack of standardised digital asset ticker symbols for traditional finance markets
FATF Starts Checking How Well Countries Implement Crypto Standards
21.10.2019
The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements...
G7 Task Force Releases Full Report on Impact of Global Stablecoins
18.10.2019
Stablecoins could present a significant risk to global financial stability but hold promise for payment systems, says G7 report
FATF-Driven Delistings Capture the Criminalization of Privacy
17.9.2019
The delisting of privacy coins like monero, zcash, and dash is becoming something of a trend in Asia, and could soon expand elsewhere. In the wake of the intra-governmental Financial Action Task Force (FATF) issuing new global standards, Korean exchanges Okex and Upbit have announced they will...
Crypto Regulations Are Changing Worldwide to Comply With FATF Standards
12.8.2019
Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes...
New Jersey Governor Signs Bill to Establish Blockchain Task Force
10.8.2019
The governor of New Jersey has signed a bill into law establishing a governmental blockchain research group to examine possible benefits for the state
New Jersey Signs Blockchain Task Force Program Into Law
9.8.2019
A new program will bring blockchain solutions to the NJ government