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Nalezeno "FATF": 264

Solving the ‘Sunrise Issue’ is the key to unlocking crypto mass adoption

30.4.2022
Regulation will touch every person in every jurisdiction worldwide; crypto must find ways to preserve its decentralization and privacy

Half of assessed jurisdictions don't have 'adequate laws and regulatory structures' — FATF

19.4.2022
The organization reported that only 9% of countries were “substantially effective” in areas including having banks and VASPs verify users’ information

Brazilian Congress Aims to Pass Unified Crypto Framework in Coming Months

16.4.2022
The Brazilian Congress is trying to approve a cryptocurrency legal framework before the end of Q2. According to reports from local media, The proponents of the different law projects presented in the Senate and the Congress have stated they will seek the unification of the projects due to their...

Korean crypto exchanges are now in compliance with the Travel Rule

25.3.2022
Complying with the rules puts South Korea ahead of the curve for regulating virtual assets, but may be harming the domestic industry with overbearing transfer restrictions between exchanges

Regulator Says UAE ‘Closer to Issuing the Regulatory and Supervisory Framework’ for VASPs

10.3.2022
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting...

Blockchain forensics is the trusted informant in crypto crime scene investigation

26.2.2022
As mainstream adoption of crypto increases, blockchain forensics is enabling law enforcement to recover stolen crypto, making the space more secure

South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022

26.2.2022
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury...

Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

17.2.2022
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with...

US-based crypto firms join forces for travel rule compliance

16.2.2022
“We are focused on adding new members, so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement

Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament

22.1.2022
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana...

Report: Pakistan Likely to Earn Billions From Cryptocurrency

6.1.2022
According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves...

Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading

4.1.2022
The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing...

India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection

2.1.2022
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that...

South Korean crypto exchanges to follow Coinone in verifying private wallets

30.12.2021
South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines

Cyprus’ finance ministry recommends ‘capacity building’ for crypto

14.12.2021
Cyprus’s finance ministry stressed the need to accelerate its capacity building for the crypto industry

FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged

11.12.2021
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance

Russia to Decide Fate of Crypto Exchangers in 2022

3.12.2021
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such...