Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to tackle money laundering, is planning to develop binding rules for the world's cryptocurrency exchanges, a report indicates.

According to a Reuters report on Tuesday, an unnamed Japanese government official said that the group aims to hold talks around the subject starting on June 24.

The move was apparently initiated by calls for a globally coordinated policy on cryptocurrencies from the world's economic leaders at the G20 meeting in March.

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