A clerk for the Financial Action Task Force (FATF),Tom Neylan, has assured cryptocurrency platforms that the new guidelines are not “monsters”.
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Bithumb, the biggest South Korean exchange, has banned trading activities in 11 different countries around the world. Among the affected nations we find North Korea, Iran and Iraq. The main intention behind the ban is to comply with global anti-money laundering norms.
The Financial Action Task Force announced plans to set forth rules regulating cryptocurrency in line with its global AML/CFT standards....
