The #FSA, the government agency that oversees #Japan's financial markets, announced that next year the Financial Action Task Force (FATF) under the #G20 will begin to implement the Travel Rule for the cryptocurrency industry.
In the statement made today, it was reported that the rule requiring companies engaged in crypto money business to share transaction data between senders and receivers will be implemented in the country by April 2022.
The FSA requested the Japan Virtual and Crypto Asset Exchanges Association ( #JVCEA) to prepare for the implementation of the travel rule created to prevent cryptocurrencies from being used in money laundering and terrorism financing.
Recently, some exchanges operating globally had halted their South Korean operations due to the upcoming money laundering sanctions. “It looks very difficult for us to continue working with the new rules,” an #OKEx spokesperson said in a statement last week.
#Binance, the world's largest cryptocurrency exchange with its transaction volume, recently added two former FATF members to its regulation compliance team.
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thanks, nice info. it means crypto in japan also going strong and their government take some action to protect their citizen.
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Very interesting information. I think that those who started exchanging cryptocurrencies can make good money. All currencies have their own exchange rates, and when it comes to cryptocurrencies, everything becomes more interesting and a little more complicated. I personally have now swapped eth to btc. And for me it was a good decision, as I was able to earn a little on the exchange rate. This kind of trading is cool. You can read more on this topic online.
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I would recommend the https://jidex.io/ exchange, owned by the Winklevoss twins... I don't gain anything by recommending this, but it's worth noting that they do NOT pay out affiliates to recommend them or any referral fees as of yet.
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AXA Schengen promo code is a code that will be used to implement the FATF Travel Rule for cryptocurrencies in 2022.
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