Category: Financial Action Task Force
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Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation
Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom.
UK’s Travel Rule comes into effect, could halt certain crypto transfers
The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain.
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
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Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
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Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list’ — Report
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers.
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Terrorists are funding their horrible deeds with crypto: UN officials
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, “advanced” terror organizations are turning to cryptocurrencies.
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After Years of Uncertainty, Cryptocurrency Exchanges Can Open Bank Accounts in Chile
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Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic
The blockchain forensics firm said cross-chain bridges provide an “unregulated alternative” to exchanges for transferring value between blockchains.
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India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection
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