Part of the FATF’s ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
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Part of the FATF’s ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
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Meeting international Anti-Money Laundering standards is the latest in a series of measures Japan has taken in recent months to improve its cryptocurrency regulation.
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GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance.
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“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example,” said the organization.
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Regulation will touch every person in every jurisdiction worldwide; crypto must find ways to preserve its decentralization and privacy.
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