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OpenVasp und Travel Rule: So werden in der Zukunft Finanztransaktionen reguliert

Die Financial Action Task Force veröffentlichte im Juni 2019 einen Leitfaden, mit dem die Kryptoindustrie den gleichen Standards wie die herkömmlichen Finanzinstitute unterworfen werden soll. Im Crypto Valley hat sich die VASP Initiative gegründet, welche der Regelung mit hoher Effizienz nachkommen möchte. Die Anbieter virtueller Vermögenswerte (VASPs) sehen in der Anwendung der Travel Rule die größte Herausforderung. Die Regulierungsbehörden der Länder sollen sich an die...

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Binance Joins Hands with Shyft Network for KYC Data Sharing

Binance will now work with the Shyft Network provides industry-wide solutions to meet the FATF requirements. For this, the network uses its database bridging, identity passporting, and data attestation infrastructure. As crypto exchange Binance spreads its wing in the global market, it is working on complying with the Financial Action Task Force (FATF) regulations. Recently, Binance joined hands with public blockchain protocol Shyft Network for cross-industry KYC data sharing.The Shyft...

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Ukraine legalisiert Bitcoin

Gulliver Trade Center in Kiev, Ukraine Die Ukraine ist Kryptowährungen alles andere als abgeneigt: Im ukrainischen Parlament, der Werchowna Rada, haben die Abgeordneten ein Gesetz verabschiedet, das Bitcoin zum Eigentum erklärt. Damit wird Bitcoin ein legales Tauschmittel und der Staat garantiert Rechtssicherheit im Handeln, Bezahlen, Transferieren und Investieren. Auch...

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South Korea Moving Ahead with New Bill to Legalize Cryptocurrencies

In what has been seen as a big win for the crypto space the South Korean National Assembly’s National Policy Committee has passed a bill that will create a framework that formally classifies crypto tokens and other virtual currencies as digital assets. Sources indicate that this move came on Tuesday as one of the crypto space’s most friendly countries now wants to create a foundation for the operations of cryptocurrency businesses.The bill also sets rules for cryptocurrency-related businesses...

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AOFEX to Strengthen the Protection of Investors’ Rights and Interests

According to a recent survey conducted in the UK, about 20% of rich young people (born between 1981 and 1996 with at least £25,000 in investable assets) hold BTC or other digital currency. The proportion of British holding digital assets, which accounts for about 3% total population, shows that the proportion of young people holding digital assets is much higher than the whole national average. If invest-able assets were raised from 25,000 to 75,000, the proportion of eligible young people...

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Your Crypto Exchange Can’t Send Even $1000 Without Exposing You

Transferring more than $1,000 in bitcoin or any other crypto from one exchange to another could land your private details on the desk of the Financial Action Task Force (FATF). That is possible ever since the intergovernmental agency in June imposed new anti-money laundering standards on the cryptocurrency firms. The so-called ‘travel rule’ treats crypto exchanges, wallet providers, and similar firms no lesser than it acts towards a bank. Therefore, like traditional financial institutions...

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Monero, Dash and More Privacy Coins Delisted By OKEx Korea As ‘Violating FATF Travel Rule’

OKEx Korea exchange has decided to delist five privacy coins: Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC). According to the exchange, they violate the Financial Action Task Force (FATF’s) ‘travel rule’.The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 with the aim to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and...

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