Intergovernmental body the Financial Action Task Force (FATF) has committed to making 200 countries treat cryptocurrency exchanges like banks. FATF Among ‘Biggest Threats’ To Crypto As Bloomberg reported June 11, an update to how national regulators should treat businesses dealing with cryptocurrency tokens will officially go public on the 21st of the month. Its impact is not entirely clear, but experts are already warning that anyone – be it a business or a private investor

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The post ‘Totally Absurd’ – New FATF Rules To Turn Bitcoin Exchanges Into Banks appeared first on Bitcoinist.com.

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