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Report Shows Crypto Regulation Improved Amid Covid-19 Crisis
Summary: Both the public and private sectors have progressed in complying with the FATF guidelines and Travel Rule for VASPs, according to The FATF 2020 Report. After examining the account fund flow from 2013 to the first six months in 2020, the Crystal Blockchain Analytics team released its key findings. Crystal’s report shows that the UK, ...
Both the public and private sectors have progressed in complying with the FATF guidelines and Travel Rule for VASPs, according to The FATF 2020 Report.
After examining the account fund flow from 2013 to the first six months in 2020, the Crystal Blockchain Analytics team released its key findings. Crystal’s report shows that the UK, Hong Kong, Singapore, and the US have the largest number of registered exchanges. Approximately 17% of all exchanges researched appears to be unregistered or anonymous. The total volume of BTC directly transferred between exchanges has increased 35% within a year, almost reaching $33 billion.
With FATF and 5AMLD regulation moving forward, a decline in the number of unregistered exchanges is expected.
By Lily Yang
Tags: FATF,Regulation
Link: Report Shows Crypto Regulation Improved Amid Covid-19 Crisis [Copy]
