Global Money Laundering Watchdog to Establish Crypto-Focused Guidelines by June10.21

The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2018.

Paris, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing pressure from global governments to unify regulation of the cryptocurrency industry under its wing. This is rather than continue down the path of allowing countries to define their own approach and create fragmentation across the market.

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