Tag: FATF

Part of the FATF’s “Travel Rule” includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions. The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies. In a…

Crypto firms are flocking to Dubai despite local crypto trading regulations are tightening. A new law has been the most significant factor in generating interest in the UAE. Dubai is the financial hub of the Emirates, which has also encouraged cryptocurrency players to move to Dubai. The UAE has added a grey list to help…

The crypto community and government authorities continue looking for ways to build a relationship. The UAE is starting to license crypto businesses, and in the US, major crypto exchanges and brokers are cooperating to comply with FATF requirements. Unfortunately, this is a topic we have to bring up over and over again. Regulators continue to…

The Financial Action Task Force (FATF) is looking to ramp up the pressure on countries to adopt crypto regulations – and its updated guidance has made mention of non-fungible tokens (NFTs), decentralized finance (DeFi), peer-to-peer (P2P) trading, and stablecoins for the first time. The FATF published their report Friday on how best to tackle the…

The AML / CFT requirements for crypto business are becoming more and more stringent. And as ShapeShift’s recent refusal to cooperate with regulators and transition to DEX status demonstrates, not everyone is ready to accept this. But what comes next? Cryptocurrencies started out as a true ode to decentralization. Think back to what all the…

The AML / CFT requirements for crypto business are becoming more and more stringent. And as ShapeShift’s recent refusal to cooperate with regulators and transition to DEX status demonstrates, not everyone is ready to accept this. But what comes next? While BTC is growing and trading at around the $ 40,000 mark, the crypto industry…