9 days until the crypto industry must verify the identity of anyone sending $1,000 or more142

In just nine days, new rules by the Financial Action Task Force on Money Laundering (FATF) will force cryptocurrency businesses in roughly 200 countries to verify the identities of anyone sending or receiving more than $1,000 worth of digital assets, effectively nullifying their pseudonymity. A number of US-based firms have responded by exploring the viability of a “global parallel system” that wo...

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