Cryptocurrency Analysis and News Portal
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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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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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Leah Callon-Butler is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia.There he was,
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The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post.What is the Funds Travel Rule?The Funds Travel Rule requires financial institutions who are sending and/or
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Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites.Per the announcement, the card will function like a traditional prepaid card with access to additional discounts
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Hahn Air, one of the most prominent airline distribution companies, has become a pioneer in establishing itself as the first airline in the world to issue a real-world ticket through blockchain technology.Blockchain-powered tickets will be available on ‘Winding Tree’ which is decentralized travel network powered by blockchain. The company has
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Regulators are clamping down on cryptocurrency, and companies around the world are feeling the strain. In late June, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new guidelines on how digital assets should be regulated. While FATF recommendations are not legally binding, the
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Earlier on, when Bitcoin (BTC) arrived on the scene, most cryptocurrency enthusiasts held on to their coins, as there were only so many places they could be spent. Nowadays, the list of marketplaces and retailers accepting Bitcoin and other cryptocurrencies is significantly larger, providing crypto enthusiasts with more options
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