53 Commonwealth States Urged To Explore Benefits And Regulate Bitcoin & Blockchain Technology
The Commonwealth of Nations recently formed a specialist group involving many of the world’s top financial authorities. Together they are discussing the future management of Bitcoin and other virtual...
Guidance For A Risk-Based Approach Virtual Currencies
The FATF has developed this Guidance focusing on the points of intersection that provide gateways to the regulated financial system, in particular convertible virtual currency exchangers.
Virtual Currencies Key Definitions and Potential AML/CFT Risks
The FATF conducted research into the characteristics of virtual currencies to make a preliminary assessment of the ML/TF risk associated with this payment method. An important step in assessing the risks and developing an appropriate response, is to have a clear understanding of the various types of virtual currencies and how they are controlled and used. This report establishes a conceptual framework of key definitions, which could form the basis for further policy development.
