[2015-06-26] CD: FATF: Regulate Virtual Currency Exchanges to Counter Crime Risk

[Grand_Voyageur]

FATF: Regulate Virtual Currency Exchanges to Counter Crime Risks

The Financial Action Task Force (FATF) has recommended closer monitoring of digital currency exchanges and gateways to counter money laundering and terrorism financing.

FATF published its 'Guidance for a risk-based approach to virtual currencies' at a plenary meeting held this week in Brisbane.

The 48-page document acknowledges that digital currencies carry several economic benefits such as decreased transaction costs, financial inclusion for those lacking access to banking services and the facilitation of microtransactions.

Full story: http://www.coindesk.com/fatf-regulate-virtual-currency-exchanges-to-counter-crime-risks/

[Chef Ramsay]

I would think that if this type of money laundering was really going on we'd be seeing a lot more of a market cap. The ledger is probably why this kind of thing won't happen to any large degree until more anonymity measures come on board.