‘Not Everyone Is Happy but We Have to Move on,’ Some Challenges to the FATF’s New Guidance By Cointelegraph


‘Not Everyone Is Happy but We Have to Move on,’ Some Challenges to the FATF’s New Guidance

“Travel rule” was a term frequently heard at the V-20 Summit, which took place in parallel with the G-20 meeting in Osaka, Japan from June 28 to 29. Regulators and Virtual Asset Service Providers (VASPs) — such as exchanges from different countries — met in Osaka for two days and discussed how to implement the Financial Action Task Force’s (FATF) latest guidance on how to prevent cryptocurrencies being used for money laundering.

The travel rule requires VASPs to collect and transfer customer information during transactions.

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