FATF

Hong Kong and Abu Dhabi to change their crypto regulations to comply with FATF

Hong Kong and Abu Dhabi Change Crypto Regulations to Align with FATF

On Feb 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies. In his recent budget speech, Chain indicated that the amendments will address recommendations made by the global financial watchdog, the Financial Action Task Force (FATF). New Regulations to affect […]

FINMA wants to bring stricter AML rules for crypto transactions

FINMA Wants to Bring Stricter AML Rules for Crypto Transactions

The Swiss Financial Market Supervisory Authority (FINMA) suggests a plan to bring stricter anti-money laundering rules for crypto transactions. As per the proposal, crypto transactions of over 1,000 Swiss Francs will require client identification as opposed to the current limit of 5,000 francs. FINMA said the new limit is due to heightened money laundering risks […]

jp morgan blockchain

JP Morgan Blockchain Payments Network Eyes Launch in Japan Early 2020

The JP Morgan blockchain payments network chase to add new features has landed in Japan. Soon Japan will have JPM Coin to speed up the cross-border payments between the firms and bond transactions. JPM coin is a stable coin that intends to enable faster and secure payment processing. Again, customers can use it for commodity […]

Japan to check policies of Crypto trades

Japan Will Check Policies of Crypto Trades

Japan’s Financial Services Agency (FSA) is apparently taking action against crypto transactions. It will check the policies of crypto trades. The agency will deal with unknown exchanges or the ones having a frail identity practice. This will be done in anticipation of a review by the Financial Action Task Force (FATF) this fall. Nikkei Asian […]