Cryptocurrency firms could be forced to take greater steps to combat money laundering under new guidelines released on Thursday by the Financial Action Task Force, an international body that coordinates government policy on illicit finance.

The task force called on governments to broaden regulatory oversight of crypto firms and force more of them to take measures such as checking the identities of their customers and reporting suspicious transactions to regulators.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Google Calendar is DOWN: App crashes for users worldwide

It’s the go-to calendar app for millions of people around the world,…

Genshin Impact: Everything you need to know about the Fatui Harbingers

ALSO known as the Eleven, the Fatui Harbingers are one of the…

Urgent warning issued to millions of iPhone and Android owners

EXPERTS have revealed that Yahoo is the most spoofed brand hackers use…

ChatGPT is insulting, lying and gaslighting users in ‘unhinged’ messages 

Microsoft‘s ChatGPT is going off the rails and sending users ‘unhinged’ messages. …