The Financial Action Task Force expects to finalize and publish uniform anti-money laundering standards for cryptocurrencies next month amid suspicion that terrorist organizations may increasingly turn to digital assets to fund their operations, the group's president said Wednesday. U.S. Assistant Secretary for Terrorist Financing Marshall Billingslea, who began his one-year term as FATF president in July, said at a press conference in Paris that the group has nearly reached consensus on how nations should regulate cryptocurrency after being asked to "urgently address" the issue by the G20. Cryptocurrencies such as Bitcoin, Ethereum and Monero remain unregulated in many parts of...
An intergovernmental group that grades efforts by nations to combat money laundering and terrorist funding through banks and other traditional financial institutions plans to revise its standards to more clearly cover cryptocurrency firms as well.
print