OKEX Korea Drops 5 Privacy Coins Citing FATF Rules

Regulatory pressure on cryptocurrency exchanges to stop providing users with access to so-called privacy coins is growing. The South Korean arm of the Malta-based OKEX exchange announced early on Monday that it is to delist five cryptocurrencies that provide extra privacy features for users. From Oct. 10, the exchange will no longer support trading in […]

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Netki Retools Digital ID Service for FATF’s New Crypto ‘Travel Rule’

Netki has upgraded its digital identity service to help cryptocurrency firms meet tough new international standards for combating money laundering.  Announced Monday, the upgrade to TransactID adds two new features: The ability to break down certificates of a user’s identity into smaller pieces of personally identifiable information (PII); and the ability for senders and receivers […]

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Planned Solution for FATF ‘Travel Rule’ Compliance Keeps User Data Private

Blockchain sleuthing firm CipherTrace is to launch a solution aimed to help cryptocurrency firms meet tough new rules recently recommended by the Financial Action Task Force (FATF), an international money-laundering watchdog. CipherTrace is teaming up with Shyft, a firm developing blockchain-based identity and attestation platform, on the initiative, which the firms say is planned to enable compliance with […]

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