Tag Archives: financial action task force

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...

For some time now, Japan’s banking sector has faced many challenges arising from money laundering. This problem has been in the limelight since the Financial Action Task Force found “numerous and serious deficiencies” back in 2014. Japan has long been blamed for weak measures that it has set up against money laundering and terrorism financing.In that context, the U.S. banking multinational, JPMorgan Chase & Co, is looking to launch an Interbank Information Network (IIN) in the East Asian...

Saga Monetary Technologies announced on Tuesday it decided to launch its SGA stablecoin that is pegged to a basket of currencies. The Saga Foundation said it was planning it since the last year to become a long term playing asset. However, it is meant to tailor to pretty much different goals of the crypto space.One is acting as a stablecoin as it is and another, to act as a free-float asset. Ido Sadeh Man, founder and chairman at the organization said the main idea behind the whole project...

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...

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...

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...