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Anti-Money-Laundering Watchdog Calls for Stronger Cryptocurrency Regulations

The Financial Action Task Force (FATF), also known by its French name, Groupe d’action financière (GAFI), says virtual currency firms should develop procedures for sharing customer information with other financial institutions. Furthermore, the FATF invokes countries to adopt regulations requiring virtual currency companies to collect information about their customers and share it with other institutions, including other crypto firms that receive fund transfers.

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