FATF to Formulate Recommendations on Cryptocurrencies Turnover Soon - Hitecher
FATF to Formulate Recommendations on Cryptocurrencies Turnover Soon

FATF to Formulate Recommendations on Cryptocurrencies Turnover Soon

by Evan Mcbride

On September 4-5, 2018, FATF (the Financial Action Task Force on Money Laundering) is holding its FinTech RegTech Forum with the participation of representatives of EAG (the Eurasian Group for Combating Money...

On September 4-5, 2018, FATF (the Financial Action Task Force on Money Laundering) is holding its FinTech RegTech Forum with the participation of representatives of EAG (the Eurasian Group for Combating Money...

On September 4-5, 2018, FATF (the Financial Action Task Force on Money Laundering) is holding its FinTech RegTech Forum with the participation of representatives of EAG (the Eurasian Group for Combating Money Laundering and Financing of Terrorism) in Hangzhou, China.

At the end of the forum, FATF’s special work group will hold a meeting to determine the list of recommendations with respect to digital financial assets turnover including cryptocurrencies. FATF will make its final decision based on the specialists’ opinion.

Crypto traders are eagerly waiting for that decision. At this point, it is hard to predict what effect it will have on the market, as it is not known what opinions prevail among FATF members. One thing is clear, however: the organisation considers identification of cryptocurrency holders to be necessary.

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Evan Mcbride

Evan Mcbride

Hitecher staff writer, high tech and science enthusiast. His work includes news about gadgets, articles on important fundamental discoveries, as well as breakdowns of problems faced by companies today. Evan has his own editorial column on Hitecher.

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