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FATF Meeting Scheduled to Discuss VASPs Compliance With Travel Rule

[sociallocker id="55298"] The Financial Action Task Force (FATF) has a plenary meeting scheduled on June 24 to assess the progress of Virtual Asset Service Providers (VASPs) worldwide in enforcing the organization’s “travel rule”.According to Pawel Kuskowski at Forbes, the FATF meeting will be held virtually in two weeks to discuss

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Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far?The FATF — an intergovernmental organization tasked

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Inside the Standards Race for Implementing FATF’s Travel Rule

The Takeaway:Crypto businesses are figuring out how to comply with the Financial Action Task Force’s “Travel Rule,” where all crypto transactions above a certain amount must be accompanied by identifying information.Competing visions for the technical implementation have emerged, though there appears to be general agreement on the need for messaging

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XRP Talk at Fed Hearing & Volcker Rule Relaxation Bring’s Crash Closer?

In a congressional hearing today over mobile payments and banking the unbanked, PayPal were among the companies present to discuss the changing payments landscape. Congressman Tom Emmer discussed XRP and Ripple acknowledging their hard work that is revolutionising the way payments work from the ground up. Mr Emmer showed a deep understanding

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SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With CryptoX

As one of five commissioners of the United States Securities Exchange Commission, Hester Peirce is at the forefront of securities regulation in the country today. Of interest to CryptoX’s readers, her positivity toward the future of cryptocurrencies has earned her the moniker “Crypto Mom.”Backdropped by recent efforts to update

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Dutch Crypto Startups Brawl With Regulators Over Scope of EU Money Laundering Rule

Banking compliance consultant Simon Lelieveldt, who has worked for the DNB and as a Dutch financial historian, said the two entities are trying to be proactive and not repeat past mistakes. Regulators are under pressure from critics who say lax oversight, particularly concerning the Netherlands largest bank, ING, led to

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