GDPR

Switzerland blockchain company bitcci set to become a leading stakeholder in the blockchain industry

Source Node: https://bitcoinerx.com/blockchain/switzerland-blockchain-company-bitcci-set-to-become-a-leading-stakeholder-in-the-blockchain-industry/
Time Stamp: August 10, 2021 11:11 AM - Modified On: August 10, 2021 - Published By:
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Republished By Plato

The blockchain industry has grown into a multi-billion dollar industry with hundreds of companies offering different services. The success of these companies has been based on building innovative products in different sectors.  Switzerland blockchain company bitcci is set to become a leading player in the crypto industry with its innovations within the escort industry. A complete ecosystem  bitcci is a blockchain company launched in 2017 by Christoph Elbert and consists of a group of public stock companies. Since its launch, bitcci has developed an ecosystem that promotes transparency, innovation, and

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and