FATF
Georgia Central Bank Plans to Introduce New Crypto Rules: Report
The eastern European nation will follow international guidance as it sets out an anti-money laundering and licensing regime.
China Stamping Out Mining; Crypto Market Makes Gains
China takes aim at corruption in underground Bitcoin mining. Russian committee proposes bitcoin payment for oil and energy exports. Crypto markets shift to upward trend after weeks of volatility. DeFi, NFT access at stake as FATF Travel Rule goes into force in South Korea. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
India’s Crypto GST Plan; Australia’s Crypto Reforms
South Korea’s preparations for imposition of FATF travel rule heat up. India considers GST on crypto transactions. Australia’s Senator Andrew Bragg warns of existential threat from DAOs. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
European Parliament Proposes Expanding 'Travel Rule' to Every Single Crypto Transaction
Two major factions within the European Parliament propose to expand the "travel rule" to virtually every transaction of digital assets.
Payments Giant FIS Worldpay Joins Shyft’s Crypto Compliance Network
It’s the second large, non-crypto firm to join Shyft, following law firm DLA Piper last month.
Ukraine’s Crypto Demand Soars; Russian Sanctions Tighten
Putin’s attack triples Ukrainian crypto exchange trading volume. No sign yet of Russia using crypto to evade sanctions. South Korean businesses scramble to meet FATF travel rule. Why Australia’s desert might not be the ideal location for crypto mining.
Crypto Heavyweights Coinbase, Fidelity and Robinhood Back US Anti-Money Laundering Group
The 18-member Travel Rule Universal Solution Technology (TRUST) initiative addresses AML data sharing requirements prescribed by FinCEN.
Crypto Twitter’s Misdirected Furor Didn’t Fix the Travel Rule
Following a community uproar, Trezor nixed plans to integrate AOPP, an open-source protocol for proving wallet ownership. The rollback changed nothing and FATF’s travel rule still bedevils users.
Trezor Backtracks on ‘Travel Rule’ App for Self-Hosted Crypto Wallets Amid Uproar
SatoshiLabs, Trezor's creator, scratches its planned integration of the Address Ownership Proof Protocol (AOPP).
Few Crypto Firms Even Trying to Comply With FATF's ‘Travel Rule’
Two years on, FATF is getting impatient. But privacy-conscious crypto users are in no hurry to see the regulation implemented.
