Japan is set to tighten up cryptocurrency laws by implementing the Financial Action Task Force (FATF) travel rule. According to the Financial Services Agency (FSA), this will help tackle money laundering in the Asian country.  FATF Rule to Be Adopted by 2022 FSA revealed on Wednesday that it would implement the FATF travel rule byRead More

Bitcoin and Ether have made steady gains this week. Is a pullback on the way?

Billionaire investor and founder of Bridgewater Associates Ray Dalio warns that there’s a “good probability” that governments will move to ban Bitcoin.

The post Billionaire investor sees “good probability” of a Bitcoin ban appeared first on CryptoSlate.

Global anti-money laundering watchdog FATF released 99-page draft guidance that twisted the terminology for DeFi and NFTs.

Global anti-money laundering watchdog FATF released draft guidance extending a critical definition to include DeFi and NFTs. Here's why it matters.

The Financial Action Task Force (FATF), an international anti-money laundering watchdog, has released updated guidance on cryptocurrencies and crypto asset service providers. The release portrays renewed commitment to stay current with rapidly evolving technology and business practices in the industry, emphasizing the need for regulators to remain agile as well as addressing specific new developments […]

CryptoUK issued a clarion call to the Financial Conduct Authority (FCA), the UK financial and anti-money laundering (AML) regulator, demanding that FCA grant...

Financial watchdogs are setting their eyes on Defi with the FATF working on new guidance that will make changes in terminology which seems to be in the direction of NFTs so let’s read more in our latest cryptocurrency news. The innovative areas in the crypto space like Defi are on the radar of the financial […]

On March 19, 2021, global anti-money laundering watchdog the Financial Action Task Force (FATF) released a public consultation for its updated Draft Guidance...

Crypto intelligence company Cipher Trace has announced the release of “Cipher Trace Traveler,” a new Travel Rule designed to assist virtual asset service providers (VASPs) such as exchanges, OTC trading desks and banks in becoming more compliant with financial regulators. Cipher Trace Is Bringing About a New Travel Rule Initial travel rules were suggested by...

The post Cipher Trace Seeks Stronger Crypto Compliance with New “Traveler” Statute appeared first on Live Bitcoin News.

Financial crime and fraud have become an increasingly more complex issue for financial institutions and authorities over the last decade or so as the world rapidly shifts to e-money, even more so in recent times thanks to the coronavirus pandemic. Keeping in mind that financial crime and fraud is a trillion-dollar industry, it is safe … Read More

The post Difference between Fraud and Financial Crime first appeared on Blockchain Consultants.

South Korea’s Financial Services Commission (FSC) announced yesterday it would be imposing penalties for…

The post Exchanges in South Korea face huge fines for AML non-compliance appeared first on Coin Journal.