Crypto Exchanges Brace for More Stringent Regulations Amid New FATF Guidelines

With bitcoin and the cryptocurrency market, in general, becoming more popular, it comes as no surprise to see an uptick in government oversight. The Financial Action Task Force (FATF) is set to issue guidelines to over 200 countries on how to police the virtual currency scene in their respective nations.

These new rules could impose extra regulatory restrictions on cryptocurrency exchanges especially as they affect privacy. In response, the digital trading market could begin to put greater emphasis on decentralized exchange (DEX) platforms.

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