Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.

On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing —The call comes after a series of FATF meetings at its headquarters in Paris. The FATF plenary has concluded. Delegates of governments from around the world discussed a range of money laundering and terrorist financing issues.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains 'Relatively Poor' – Regulation Bitcoin NewsThe FATF stated: 'Many jurisdictions have not yet implemented fundamental requirements, and more than half of survey respondents have not taken any steps towards implementing the travel rule' crypto
Source: BTCTN - 🏆 531. / 51 Read more »

Winklevoss Twins Rail Against US SEC's Anti-Crypto Stance: 'It Does Not Feel Like America, It Feels Like Venezuela' – Bitcoin NewsThe Winklevoss twins explained that building crypto businesses in the U.S. 'feels like Venezuela,' commenting that common protections do not apply in the crypto world.
Source: BTCTN - 🏆 531. / 51 Read more »