FATF Financial News

16.11 / 17:01

FATF crypto regulation 2024 Turkey’s New Crypto Asset Regulations Expected in 2024 – Focus on Taxation and Licensing

Turkey officials confirmed that the nation is considering debuting a new crypto market regulation, effective 2024. The regulation will emphasize addressing crypto licensing and taxation, per a Reuters report.

21.11 / 19:05

FATF crypto regulation NYDFS Crypto Adoption Weekly Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations

The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed new international standards, Turkey pushed ahead with licensing requirements, Canada’s OSFI moved to refine industry rules, and NYDFS tightened token listing and delisting policies.

01.11 / 19:17

Provident Reuters Action FATF country reports Turkey Aims to Leave FATF Grey List with Proposed Crypto Asset Legislation

Turkey is taking steps to toughen its crypto regulations in an effort to convince the Financial Action Task Force (FATF), an international financial crime watchdog, to remove it from the “grey list” of countries that have not done enough to combat money laundering and terrorist financing.

10.10 / 15:07

Ripple FATF Africa Bitcoin Today in Crypto: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold is Now a Payment Method

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

10.10 / 10:59

regulation FATF AML Cyprus to tighten crypto regulations in accordance with FATF

One of the friendliest European jurisdictions to crypto, Cyprus, might bring its industry regulation to tighter standards. According to an Oct. 10 report by the Cyprus Mail, the local Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law.

04.09 / 20:05

regulation FATF UK FCA Travel Rule Enforcement Begins for Crypto Firms in the UK – Here's What You Need to Know

Virtual Asset Service Providers (VASPs) in the UK are from September 1 required to collect, verify and share information on crypto transactions to firms “in the UK, or any jurisdiction that has implemented the Travel Rule.”

18.08 / 12:01

cryptocurrency FATF digital assets Financial Services FCA crypto transfers FCA mandates data reporting on crypto transfers

Coming into force on 1 September, the UK rule applies even when crypto companies use third-party suppliers.

17.08 / 20:43

regulation FATF crimes AML KYC businesses UK crypto UK crypto businesses to comply with FATF Travel Rule beginning in September

Crypto asset businesses in the United Kingdom will be required to comply with Financial Action Task Force (FATF) Anti-Money Laundering and Counter-Terrorist Financing rules, known collectively as the Travel Rule, beginning Sept. 1, a statement from the Financial Conduct Authority (FCA) reiterated Aug. 17. This will bring the U.K. into conformity with FATF standards set in 2019.

02.08 / 09:09

regulation FATF G20 IMF India puts forward suggestions for G20 crypto roadmap

India, which currently holds the Group of Twenty (G20) presidency, has supported the Financial Stability Board’s (FSB) recommendations for a global crypto framework published in July. The country also emphasized the necessity of dealing with digital assets’ risks for developing economies.

01.06 / 21:05

FATF Money laundering Qatar Needs To Make Some ‘Major Improvements’: Money Laundering Watchdog Says

Qatar needs to make some “major improvements,” on how it responds to terrorist financing, according to a global money laundering and terrorist financing watchdog.

31.05 / 11:57

business regulation FATF AML AML rules for digital assets to come into effect in UAE

Under the new rules from the Central Bank of the UAE (CBUAE), the licensed financial institutions (LFIs) would be required to identify and verify the identities of all customers. The update will come into effect “within a month,” that is, by the end of June.

30.05 / 12:51

regulation FATF AML Bitcoin bitFlyer adopts crypto deposit limits to comply with Travel Rule

Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule.

24.05 / 07:39

Provident Platform Action FATF Japanese Gov’t Green-lights Travel Rule Adoption – Are Crypto Exchanges Struggling to Comply?

The Japanese government has approved the adoption of the Travel Rule, with a new law set to come into force next month.

18.05 / 16:45

Provident Twitter regulation Progressive Action FATF FATF President Calls on G-7 To Take the Lead To Regulate Crypto Ahead of Japan Summit

The president of a global money laundering and terrorist financing watchdog is calling on the G-7 to put an end to “lawless spaces” and to take the lead to regulate cryptocurrencies.

18.05 / 13:17

regulation FATF IMF Pakistan Finance Minister Says Country Will Never Legalize Crypto, Cites FATF Regulations

Pakistan Finance Minister has said the country will not legalize crypto trading, citing regulations by the Financial Action Task Force (FATF).

17.05 / 20:11

regulation Trading FATF IMF Pakistani finance minister says crypto will never be legal because of FATF

Pakistan will ban cryptocurrency services operating in the country and never legalize crypto trading, Minister of State for Finance Aisha Ghaus Pasha said at a session of the Senate Standing Committee on Finance and Revenue on May 16, according to multiple local media reports. Other officials, including State Bank of Pakistan director Sohail Jawad, spoke in favor of the decision.

24.02 / 20:03

regulation FATF AML FATF agrees on roadmap for implementation of crypto standards

The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies.

05.12 / 17:29

Platform Action FATF Bitcoin guidelines National Japanese Government Set to Adopt FATF Crypto AML Guidelines into National Law

The Japanese government is preparing to enshrine the Financial Action Task Force (FATF)’s crypto anti-money laundering (AML) guidelines into the legal code – after the country’s parliament voted in favor of the measure.

27.09 / 20:47

regulation FATF AML Japan preparing amendment to enforce FATF travel rules on crypto by May 2023: Report

Japan is expected to enact new rules on money transfers to prevent the use of crypto for money laundering, according to local news agency Nikkei. The changes will bring Japan up to date with Financial Action Task Force (FATF) recommendations.

11.07 / 16:07

business Blockchain FATF Banks ING dutch Dutch bank ING sells digital asset tool Pyctor to GMEX

ING Group, Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX.

30.06 / 19:15

Law regulation FATF Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Laundering, or AML.

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