RATE Group | Bitcoin Use By Islamic State Could Be Over By October — Here’s Why
42840
post-template-default,single,single-post,postid-42840,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Use By Islamic State Could Be Over By October — Here’s Why

19 Sep Bitcoin Use By Islamic State Could Be Over By October — Here’s Why

Posted at 15:17h in Bitcoin News by

[ad_1]

In this photo illustration the digital cryptocurrency, bitcoin is seen on August 13 2018 in Hong Kong. (Photo by Yu Chun Christopher Wong/S3studio/Getty Images)

Just like cold, hard cash, the anonymity of bitcoin and cryptocurrencies have attracted criminals and terrorists to the digital tokens over recent years.

That could soon all be over after the president of the Financial Action Task Force (FATF), Marshall Billingslea, said the group will likely agree in October to a series of standards that will close the anti-money laundering gaps around the world.

These gaps allow bitcoin companies and cryptocurrency exchanges to move the virtual tokens across borders and into anonymous wallets.

“It is essential that we establish a global set of standards that are applied in a uniform manner,” Billingslea, speaking in Paris, said earlier today. 

The FATF said it is now close to establishing a worldwide set of standards to apply to bitcoin and virtual…

[ad_2]

Source link

Tags:
, , , ,