What Crypto Firms Can Expect From Friday’s FATF Plenary Meeting
Regulatory insiders say the sheer volume of crypto feedback means updated guidance from the FATF could be delayed.
The European Commission made the proposal to help crack down on flows of illicit money.
Former Coinbase executive Jeff Horowitz surveys the world of crypto regulation.
The rule should be applied consistently “regardless of the technology being used to facilitate transfers,” the Treasury said.
The announcement comes as Binance faces regulatory challenges from financial watchdogs in several countries.
BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.