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Your email address will not be published.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

Future Virgin Galactic astronaut Namira Salim cheers on Sir Richard Branson

Virgin Galactic ‘founder astronaut’ Namira Salim will cheer on Sir Richard Branson…

Solar flare expected to hit Earth TODAY sparking power grid disrupting geomagnetic storm

SPACE weather experts have their eye on a mysterious solar flare. The…

Huge 21-ton piece of Chinese rocket could land ANYWHERE as 10-storey tall booster to make uncontrolled re-entry to Earth

A HUGE Chinese rocket part is falling back to Earth in an…

People are just realising what Sky TV codes mean – look for the symbols to unlock secrets

YOUR Sky TV is littered with mysterious letter and number codes – but…