Russia’s FATF Rating Downgraded Over Crypto Regulation Shortfalls

Russia's FATF Rating Downgraded Over Crypto Regulation ShortfallsThe Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious transactions within the rapidly expanding realm of digital finance. Russia’s Financial Strategy Challenged by FATF Downgrade The […]

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Argentina to Regulate Cryptocurrency Exchanges With Executive Order

Argentina to Regulate Cryptocurrency Exchanges With Executive OrderThe government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by […]

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US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’

el salvador aces u.s. congressU.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in El Salvador and how this might affect the financial stability […]

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Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards

Over 200 Jurisdictions Agree to Implement FATF Standards on Crypto AssetsThe 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 […]

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