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South Korea’s 4 Biggest Crypto Exchanges to Adopt FATF’s Travel Rule
2.7.2021
The “big four” South Korean crypto exchanges have signed a Memorandum of Understanding (MOU) deal that will see them jointly implement the Financial Action Task Force (FATF)’s Travel Rule.
The group of exchanges, which comprises the market-leading Upbit and Bithumb, as well as Korbit and Coinbit...
Binance tackles travel rule compliance after multiple bans
29.6.2021
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
Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’
26.6.2021
Just before the Financial Action Task Force (FATF) published the organization’s 12-month review, a working group called the Travel Rule Protocol (TRP) released its 2.0 version of the TRP crypto application programming interface (API) in order to “simplify the end-user crypto exchange...
FATF’s Annual Crypto Review Highlights ‘Continued Use of Anonymity Tactics’ and ‘Lack of Effective’ Regulation
26.6.2021
The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations. The annual review stresses that the “lack [of]...
'Big News In Global Crypto Policy' As FATF Kicks The Can Towards October
25.6.2021
Less than half of the countries who adhere to Financial Action Task Force (FATF) anti-money laundering and countering the financing of terrorism standards have implemented the body’s crypto sector policing protocols – but the body does not yet seem overly concerned and aims to look into this...
Malta’s ‘Wild West’ Approach: Regulators Claim $70 Billion in Crypto Passed Through ‘Blockchain Island’
21.6.2021
The island country of Malta in the Mediterranean Sea has been known to be friendly toward cryptocurrency solutions and blockchain technology for years now. According to a regional report, government sources say more than $70 billion moved through the country over past years while regulations were...
$71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017
20.6.2021
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.”
US Senator Urges Treasury Secretary to ‘Make Significant Revisions’ to FinCEN’s Crypto Proposal
13.6.2021
U.S. Senator Pat Toomey has urged Treasury Secretary Janet Yellen to “make significant revisions” to the proposed crypto regulation by the Financial Crimes Enforcement Network (FinCEN) and the planned adoption of the guidance issued by the Financial Action Task Force (FATF). Senator...
Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
31.5.2021
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital...
FATF draft guidance targets DeFi with compliance
16.5.2021
The final guidance expected to be issued by the FATF this summer might determine the next chapter for the decentralized finance space
Fintechs Invited to Work on Georgia’s Central Bank Digital Currency
7.5.2021
National Bank of Georgia (NBG) has issued a call for companies in the fintech sector, financial institutions and technology firms to support its efforts to create a digital currency. Georgia’s central bank wants to employ new technologies to raise the efficiency of the country’s payment...
Crypto.com to use CipherTrace tool to comply with FATF's travel rule
3.5.2021
Crypto.com has chosen CipherTrace's specialized compliance tool to help it fulfill the complex requirements of the FATF's industry-shaping “travel rule.”
FATF Makes Small Crypto Platforms Easy Prey For Big Players
2.5.2021
As the cryptoasset industry grows, it’s only inevitable that it attracts more regulatory attention. The truth of this assumption was highlighted in March, when the Financial Action Task Force (FATF) published an update for its guidance relating to the money laundering risks posed...
How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles
13.4.2021
Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos...
Crypto.com will provide liquidity to Finxflo in new partnership
13.4.2021
“We want to eliminate the hurdles associated with crypto trading, and streamline the experience for new retail investors,” said Finxflo CEO James Gillingham
How banks can identify money laundering involving crypto, explained
7.4.2021
What are the tools that banks and financial institutions need to identify money laundering involving crypto? This explained guide reveals all
Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms
6.4.2021
The blockchain industry is looking to shed the negative association between digital assets and crime as the threat of additional regulatory oversight looms
South Korea’s Kimchi Premium Returns: BTC and ETH Prices Jump 18% Higher Than the Global Average
6.4.2021
While a great number of spot exchanges have seen consistent prices in a few select areas in the world, bitcoin is selling for a premium. That’s the case in South Korea right now as there’s a price gap, otherwise known as the ‘kimchi premium’ on domestic South Korean...
Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022
3.4.2021
Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation. Meanwhile, FATF’s rule has been considered far-reaching...
Japan's FSA asks cryptocurrency industry group to introduce FATF travel rule
1.4.2021
Japan has been a member of the FATF since 1990