Huge cryptocurrency theft increase draws global regulator attention, study finds

A significant increase in cryptocurrency theft within the first half of 2018 has sparked the concern of regulators around the world, according to a study from blockchain security developer CipherTrace. The 2018 Q2 Cryptocurrency Anti-Money Laundering Report also provides insight into the pending global co-operation and crackdown by the G20’s 37-nation financial crime-fighting group, the Financial Action Task Force (FATF). The FATF’s current rules call for exchanges to be registered or licensed, verification of customers’ identities and prevention of money laundering, while suspicious trading and transactions are only reported on a purely voluntary basis. But it is reportedly in the process of discussing how to make cryptocurrency exchange rules mandatory.

Read more

You can leave a response, or trackback from your own site.

Leave a Reply