FATF Says It Is Open to Amending Crypto Travel Rule Guidance
The anti-money laundering watchdog said it is confident the industry will be able to implement the data sharing requirements by June.
The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.
Governments have "very little incentive" to change money laundering rules to accommodate crypto, says the long-time head of the FATF.
The FSA wants to implement the rule by April 2022.
Cryptocurrency firms in Singapore already need to have a Travel Rule solution in place to get a license.
Backed by BlockTower and others, the shyft token helps a decentralized network of exchanges comply with anti-money laundering rules.