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OKEX Korea Drops 5 Privacy Coins Citing FATF Rules

Regulatory pressure on cryptocurrency exchanges to stop providing users with access to so-called privacy coins is growing. The South Korean arm of the Malta-based OKEX exchange announced early on Monday that it is to delist five cryptocurrencies that provide extra privacy features for users. From Oct. 10, the exchange will no longer support trading in …

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Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

<header class=”article__header”> </header> <strong>Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data.</strong> Also read: China Publishes New Rankings of 37 Crypto Projects …

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15 Nations Plan Global Crypto Monitoring System Under FATF: Report

Fifteen nations are planning to set up a system to monitor cryptocurrency transactions alongside the Financial Action Task Force (FATF), a Friday report indicates. According to Nikkei Asian Review, the aim is to stem the movement of funds for illicit purposes, such as money laundering and funding of terrorism, by collecting and sharing transaction data, …

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Indian Government Breaks Silence on Crypto Regulation

<header class=”article__header”> </header> <strong>The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked …

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Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report

Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT. A report from Reuters on Thursday cites a source familiar with the effort as saying that the network is aimed to combat money laundering and was approved last month by the Financial Action Task Force (FATF). A …

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Japan reportedly pushes ‘international network for cryptocurrency payments’

Sponsored Links Members of idol group Kasotsuka Shojo (Virtual Currency Girls) wearing bitcoin masks look on during an interview following their live stage performance in Tokyo on January 12, 2018. KAZUHIRO NOGI via Getty Images As governments around the world try to figure out how to deal with everything from Bitcoin to Facebook’s Libra, Japan …

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G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

<header class=”article__header”> </header> <strong>The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies.</strong> Also read: V20 Summit Concludes With Promises for …

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V20 Summit Concludes With Promises for Crypto Industry

<header class=”article__header”> </header> <strong>As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies and global policymakers …

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How to Keep Bitcoin Cash Transactions Private

<header class=”article__header”> </header> <b>There are many reasons to keep bitcoin cash transactions private and the top six ways to make them anonymous are outlined in a new video by Bitcoin.com. Meanwhile, the Financial Action Task Force has just released its global guidance for crypto assets, effectively calling on countries and crypto exchanges to strengthen their …

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G20 Policymakers to Discuss Regulations Proposed by Crypto Industry

<header class=”article__header”> </header> <strong>As world leaders start arriving for the G20 summit in Osaka, Japan, policymakers and crypto industry representatives are convening at another summit to discuss the implications of proposed global standards for crypto assets and service providers, as well as solutions that will minimize unintended consequences of implementing these standards.</strong> Also read: FATF …

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