Gibraltar Financial Services Commission (GFSC) has updated its regulations governing the operation of DLT providers to include the latest Financial Action Task Force (FATF) rules. It has been reported that by GFSC that this is in response to blockchain’s fast-moving nature, especially as the agency seeks to support companies while protecting consumers. However, the updated guidance notes include the latest FATF recommendations around virtual asset service providers (VASP) and

BitGo, the major digital asset firm, announces API support for the Financial Action Task Force’s (FATF) travel rule. On July 14, it has been reported that the company is the first wallet service to provide an in-house API solution for the FATF’s Anti-Money Laundering (AML) regulations, known as the “travel rule.” However, BitGo is now extending its API endpoints to enable its clients to transfer additional transaction-related data required under the new rule. Intended to prov

Binance Korea will be monitoring activity on its platform for signs of money laundering based on a solution developed by Coinfirm. On June 1 an announcement was made stating that will help Binance Korea remain compliant with Anti-Money Laundering (AML) regulations from the Financial Action Task Force’s Travel Rule. Coinfirm provides a blockchain-agnostic AML platform offered to various institutions dealing with cryptocurrencies. Coinfirm’s previous clients included European b

Michael Ou, the Founder of the CoolBitX, has said that regulators in Asia are leading the way for Financial Action Task Force (FATF) travel rule, which is due to be accomplished in June 2020. It has been reported that the startup has developed a solution to the travel rule, called Sygna Bridge, which allows exchanges to communicate the identities of the senders and receivers of each transaction. However, on May 7, it has been announced that it had conducted a series of cross-

Binance, the major cryptocurrency exchange, has partnered with Shyft Network, a public blockchain protocol, as it readies itself to comply with Financial Action Task Force (FATF) regulations. Binance Joins #blockchain Network for Cross-Industry KYC Data Sharing #ShyftNetwork #Business #Privacy #CryptocurrencyExchange #FATF #Binance #Regulation https://t.co/IlPASEsHrU — BitcoinAgile (@bitcoinagile) February 27, 2020 The Shyft Network was designed to provide a decentralized so

OKEx, the South Korean arm of cryptocurrency exchange, has halted the delisting of two privacy coins due to regulatory pressure from the Financial Action Task Force (FATF). On October 10 (Thursday), a notice has been received, which said that the planned suspension of both Zcash (ZEC) and Dash (DASH) support has been put under review. Likewise, OKEx first announced its intentions to delist five privacy coins, also includes Monero (XMR), Horizen (ZEN) and Super Bitcoin (SBTC),

Binance, the major cryptocurrency exchange, has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering (AML) compliance. On October 3, according to a press release, the integration of Coinfirm’s blockchain-agnostic AML Platform is going to purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF). The new measures set up by the FATF require that cryptocurrency operators establish the identity

OKEx, the South Korean branch of a cryptocurrency exchange has indicated that it will be delisting five privacy coins next month, due to obvious violations of regulatory laws. It has been reported that according to CryptoNews, OKEx Korea will no longer support Monero, Dash, ZCash, Horizen and Super Bitcoin from October 10 onward to avoid legal issues. A statement declared by an OKEx Korea Spokesperson and published by Bridge Kyungjae explained that Monero, Dash, ZCash, Horize