Mixed messages are still coming from Thailand with regard to the cryptocurrency industry in the Kingdom. This week the Thai Securities and Exchange Commission stated that at least one ICO portal will be certified this month, while the Deputy Prime Minister has called for more control over cryptos. According to reports in the Bangkok Post…
Brazil’s tax regulator, the Department of Federal Revenue, is requiring local cryptocurrency exchanges to report their operations on a monthly basis in order to verify tax compliance and improve the country’s fight against money laundering and corruption. Brazillian Cryptocurrency Exchanges to Report Monthly Trading Data to Authorities Citing the examples of Australia and South Korea,…
The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2018. FATF Readies Global Crypto Regulation on Money Laundering Paris, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing pressure from global governments to unify regulation…