The United Nations Financial Action Task Force (FATF) has once again called on countries to implement the “travel rule” to combat money laundering and terrorism financing associated with cryptocurrencies.
“We are disappointed that “many” of our member states have not adopted the rule, despite holding meetings in Paris. A survey conducted by the FATF revealed that over half of the respondents have taken no action to implement the Travel Rule, which is a crucial requirement,” said the global body in a recent post.
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