Japan's Crypto Giant BitFlyer Clamps Down On Money-Laundering
Portfolio Pulse from Murtuza Merchant
Japan's cryptocurrency exchange BitFlyer is implementing stringent measures against money laundering in compliance with the Financial Action Task Force's (FATF) Travel Rule. The measures include transfer restrictions from BitFlyer to non-TRUST compliant platforms and notification requirements for sending and receiving cryptocurrency to TRUST-compliant platforms.
May 30, 2023 | 8:50 pm
News sentiment analysis
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NEUTRAL IMPACT
BitFlyer's new measures may affect Bitcoin transfers to non-TRUST compliant platforms, potentially impacting Bitcoin's liquidity and usage.
BitFlyer's new measures restrict transfers to non-TRUST compliant platforms, which may affect Bitcoin's liquidity and usage. However, the impact on Bitcoin's price is uncertain as it depends on the extent of the restrictions and the market's reaction to the news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
BitFlyer's new measures may affect Ethereum transfers to non-TRUST compliant platforms, potentially impacting Ethereum's liquidity and usage.
BitFlyer's new measures restrict transfers to non-TRUST compliant platforms, which may affect Ethereum's liquidity and usage. However, the impact on Ethereum's price is uncertain as it depends on the extent of the restrictions and the market's reaction to the news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50