New FATF Rule Recommends Cryptocurrency Exchanges Collect Customer Information
Call it the mainstreaming of cryptocurrencies. The Financial Action Task Force (FATF), an inter-governmental body tasked with combating money laundering, has finalized a new set of recommendations that includes a requirement for cryptocurrency exchanges to gather customer information per KYC requirements and to share it with their counterparts. The news was first reported by Coindesk. Cryptocurrency exchanges will have to collect the following information: Originator’s … Continue reading New FATF Rule Recommends Cryptocurrency Exchanges Collect Customer Information