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FATF guidance

Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards

Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto StandardsThe Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard-setting body said many countries have failed to implement its previous requirements on crypto, including the “travel rule.” Countries Agree to Implement FATF Crypto Standards […]

Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation

Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More RegulationAgustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.” Carstens Repeats the Same […]

Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs

New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTsOn March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets. FATF Defines Decentralized Exchanges and Defi as a Virtual Asset Service Providers For a while […]

Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols