Countries neglecting crypto AML requirements risk FATF ‘grey list’
According to reports, the Financial Action Task Force (FATF) will monitor countries’ enforcement of anti-money laundering (AML) laws for cryptocurrency providers on an annual basis. The Financial Action Task Force (FATF) may “grey list” nations that don’t follow its anti-money laundering (AML) regulations for cryptocurrencies. Al Jazeera reported on November 7 that sources indicated the […]
Central Bank of Russia studies crypto’s role in financial system
The Central Bank of Russia (CBR) has published research on digital assets that examines how the technology might be incorporated into the country’s established financial system. In the midst of a wave of new financial penalties, the Central Bank of Russia (CBR) is exploring methods to incorporate blockchain technology and crypto assets into its domestic […]