Paris Based FATF To Bring Out Cryptocurrency Regulations By June 2019

Groupe D’Action Financiere

the Financial Action Task Force (originally, Groupe d’action financière) had adopted changes to cover firms involved in cryptocurrencies, such as exchanges, wallet providers and ICOs. Moreover, FATF is a body that sets standards for Anti Money Laundering (AML) and counter-terrorism financing rules. And it urged these firms involved in virtual currencies to be licensed and regulated.

The FATF said, “There is an urgent need for all countries…

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