The Financial Action Task Force (FATF) has taken note of the issues hindering partnerships between bitcoin businesses and banks.
At a Brussels meeting with industry figures last Friday, the anti-money laundering policy maker proposed a risk-based approach that ensures every digital currency business is evaluated on an individual basis.
A risk-based approach means that banks identify and assess the money laundering and terrorist financing risks they are exposed to, setting the appropriate mitigation measures accordingly.Securing a […]
