FATF

Netki's Digital Identity Service Provider has made changes to its functionality to ensure customers comply with FATF standards. Two new functions have been added to the TransactID service: the ability to split a user's certificate of identity into smaller pieces of personal information (PII) and the right of senders and recipients of funds to request PII from each other. “There used to be one major atomic transaction in which the parties exchanged […]

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, […]