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Financial Action Task Force [FATF] may be the cryptocurrency industry’s biggest challenge yet

Regulation for the better part of a decade, has been at loggerheads with the cryptocurrency industry. From being exhibited at the world stage as a rebellious, government-shunning decentralized currency to proponents of the industry voicing their support for “necessary regulation,” financial watchdogs are key players within the industry.

According to a report by Bloomberg, the Financial Action Task Force, a body constituted by representatives from various governments curated to countering money laundering and financing of terror outfits, will restate and may revise its stance on virtual assets. The FATF will include over 30 member countries, including the United States, China, India, and the European Commission

Alexandra Wijmenga-Daniel, a representative of the…

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