FATF

Neil Walsh, head of the United Nations (UN) Cybercrime and Anti-Money Laundering Unit, said cryptocurrencies made it very difficult to counter terrorism financing, money laundering and cybercrime. It is reported by CoinDesk. In particular, in a conversation with Australian Public Broadcasting Corporation, Walsh expressed the view that the anonymous and pseudonymous properties of cryptocurrencies provide "a new level of secrecy that helps criminals." Significant […]

Low trading volumes jeopardize the continued existence of the vast majority of South Korean cryptocurrency exchanges, as well as forcing local startups to look for ways to list their coins on foreign sites, according to Business Korea. In particular, the publication draws attention to the fact that only five South Korean sites are today in the first hundred exchanges in terms of trading volume. “It is no exaggeration to say that because of the low […]

The Financial Anti-Money Laundering Measures Development Group (FATF) has denied rumors about the creation of a certain system for collecting and exchanging personal data of individuals engaged in cryptocurrency transactions. This was the organization’s senior analyst Tom Neilan in a conversation with Finance Magnates. Previously, this information was disseminated by several media with reference to the Nikkei Asian Review, however, according to Neilan, […]

The Financial Anti-Money Laundering Measures Development Group (FATF) will create a system for collecting and exchanging personal data of cryptocurrency transactions to prevent money laundering, terrorist financing and other illegal activities. It is reported by Nikkei Asian Review. Detailed accounting criteria are planned to be developed by next year, and the system will be launched in the next few years. ABOUT […]