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The Wall Street Publication > Blog > Tech > Regulators Back New Rules to Stop Criminals Using Crypto
Tech

Regulators Back New Rules to Stop Criminals Using Crypto

Editorial Board Published October 28, 2021
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Regulators Back New Rules to Stop Criminals Using Crypto
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Cryptocurrency firms could be forced to take greater steps to combat money laundering under new guidelines released on Thursday by the Financial Action Task Force, an international body that coordinates government policy on illicit finance.

The task force called on governments to broaden regulatory oversight of crypto firms and force more of them to take measures such as checking the identities of their customers and reporting suspicious transactions to regulators.

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