UN Task Force Rallies Again For Crypto 'Travel Rule' To Stem Money Laundering, Terrorism Financing
Portfolio Pulse from Mehab Qureshi
The United Nations Financial Action Task Force (FATF) is urging countries to implement the 'travel rule' to combat money laundering and terrorism financing associated with cryptocurrencies. A recent survey revealed that over half of the respondents have not adopted the rule, which is a crucial requirement.

June 26, 2023 | 4:18 am
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The FATF's call for countries to implement the 'travel rule' may lead to increased regulatory scrutiny on cryptocurrencies, potentially impacting Bitcoin's price in the short term.
The FATF's call for the implementation of the 'travel rule' is aimed at combating money laundering and terrorism financing associated with cryptocurrencies. If more countries adopt the rule, it could lead to increased regulatory scrutiny on cryptocurrencies, including Bitcoin. This may result in short-term price fluctuations as the market reacts to the potential changes in the regulatory landscape.
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