- The FATF are urging the UK to regulate the cryptocurrency sector, after a review.
- Intentions are to have some international guidelines in place by June 2019.
Calls for a the UK look at regulating cryptocurrency sector by the FATF, Financial Action Task Force. They are an organization of which focus on money laundering and also terrorism financing.
They research organization has recently reviewed UK defenses and it believe there is a large hole in the UK’s mechanism for defense within the cryptocurrency sector.
FATF, have been working on the problem within the cryptocurrency sector, since February 2018. Their intentions are to have international based guidelines in place by June 2019. The G20 has committed to following as advised by the Financial Action Task Force.
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