Bitcoin News
By Maheen Hernandez
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Brad Garlinghouse, spoke at the Fortune Brainstorm Finance 2019 Conference and stated, “I own bitcoin and am long bitcoin.
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Previously, Garlinghouse stated that for small-to-medium enterprises, “Ripple provides a smoother, more reliable service than the legacy system, and makes an impact on their…
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Ripple has recently signed up a deal with Coinfirm, a regulatory technology startup. Coinfirm will provide anti-money laundering information to Ripple, which will be based on…
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Mixers are methods used to launder cryptocurrency where there is a private exchange of funds from multiple counterparties.
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The information provided will not provide the exact identities; however, it will help identify if the proposed currency exchange is one that permits anonymous exchanges or not.
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FATF – Financial Action Task Force, the international rule maker, has provided guidance, which required that cryptocurrency exchanges share information.
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Kuskowski, former head of global AML for the Royal Bank of Scotland, stated, “We argue with FATF that this is completely sufficient, and effectively it is sufficient.
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There are 37 member countries in the FATF, and they have one year to either comply with the requirements or face the consequences. The membership in FATF is voluntary.
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