Archive: June 27, 2019

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”A lot of water to flow under the bridge”: central banks around the world provide their initial response to Facebook’s Libra
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New FATF Guidance Will Significantly Impact the Crypto Industry

”A lot of water to flow under the bridge”: central banks around the world provide their initial response to Facebook’s Libra

Jim Bulling and Felix Charlesworth

The Reserve Bank of Australia (RBA) along with several other central banks, have provided their initial responses to the recent announcement by Facebook (in conjunction with businesses such as MasterCard, Spotify and PayPal) of its plans to create a new blockchain based currency and payment system known as Libra.

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New FATF Guidance Will Significantly Impact the Crypto Industry

By Jeremy McLaughlin and Judie Rinearson

The Financial Action Task Force (“FATF”), an intergovernmental organization aimed at combatting money laundering and thwarting terrorist financing, recently issued final recommendations for the regulation of cryptocurrencies.  Although the recommendations are not binding on members–it will be up to each of FATF’s 37 member countries to determine whether to enact the recommendations through legislation or regulation–it is expected that they will have widespread adoption and significant implications for the cryptocurrency industry.

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