Friday, October 23, 2020

Money-laundering watchdog to set first cryptocurrency rules by June

Money-laundering watchdog to set first cryptocurrency rules by June 1
By Olaalpha

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Money-laundering watchdog to set first cryptocurrency rules by June 2

The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations. The Paris-based Financial Action Task Force (FATF) said on Friday jurisdictions worldwide will be required to license or regulate cryptocurrency exchanges and some firms providing encrypted wallets[…]

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