Post
Topic
Board Legal
Re: CipherTrace Crypto AML Report Details $4.3 Billion in Schemes
by
figmentofmyass
on 09/10/2019, 07:05:36 UTC
I don't think exchanges realize that they have to adhere to the FATF rule.

technically they don't need to comply yet. for now it's just unenforced guidance from a membership organization. to carry the weight of law, the travel rule needs to be formally passed into law by individual governments. i expect that will happen in time, but everybody's still waiting.

i'm pretty sure exchanges see the writing on the wall though:

OKEX Korea Drops 5 Privacy Cryptocurrencies Citing FATF Rules
Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules