This site uses cookies. Browsing the site, you agree to the use of cookies. If you need more information, please visit the Cookies Policy page
Subscribe
Прямой эфир
Cryptocurrencies: 3837 / Markets: 22761
Market Cap: $ 283 748 221 167 / 24h Vol: $ 116 300 568 890 / BTC Dominance: 65.8835%

Н News

What the FATF: The Deadline for Complying With New Crypto Exchange Rules Is Coming

Regulation is a topic that makes many crypto enthusiasts sick to their stomachs, but CoinDesk's Aaron Stanley and Amy Davine Kim, the chief policy officer at The Chamber of Digital Commerce, take you on a whirlwind journey through a new set of rules governing crypto exchanges created by a powerful intergovernmental organization.

In our CoinDesk Live: Lockdown Edition series, CoinDesk journalists and virtual audience members chat with speakers from Consensus: Distributed, our upcoming virtual conference on May 11-15.

For more episodes and free early access, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Government regulators call the standards for regulating cryptocurrencies that were published in June of last year, nicknamed the Travel Rule, just recommendations.

But, really, they're not voluntary. They're rules every crypto exchange must follow or suffer the consequences.

Released by the Financial Action Task Force, a powerful intergovernmental organization that focuses on combating money laundering and terrorist financing, these standards were the topic of conversation on the latest episode of CoinDesk Live: Lockdown Edition.

During the conversation, CoinDesk's Aaron Stanley and Amy Davine Kim, the chief policy officer at The Chamber of Digital Commerce, had an exciting discussion on regulation (seems like an oxymoron). Kim outlined what the rules mean for crypto businesses and users alike as the deadline for compliance nears next month although Kim believes an extension might be issued because of the consequences of the coronavirus pandemic.

Other topics include:

Plus, there was some shameless, shameless plugging of our upcoming, completely virtual Consensus: Distributed conference, May 11-15, because the lineup is stacked! While you'll be able to watch our CoinDesk TV track through Twitter, you'll definitely want to register through Brella here to catch all our other amazing and interactive tracks, including the workshops track Stanley mentioned during the show.

And there's one more CoinDesk Live before the big event. Later today, long-time crypto reporter Bailey Reutzel will be speaking with Felipe Duarte, who created a worksheet to help entrepreneurs build DAOs. It's just like you're in school again, but this time it's fun! Go ahead and register for that talk, starting at 4 p.m. ET, here.

For more episodes and free early access, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Source

comments powered by Disqus