The week of June 17–21, 2019, may prove to be the pivotal moment when the crypto sector started to approach maturity in its relationship with government regulation. The week began with a scheduled June 21 Financial Action Task Force (FATF) announcement of international anti-money laundering/combating the financing of terrorism (AML/CFT) standards for crypto businesses expected to be the week’s major news for the sector. Facebook’s announcement of its Libra cryptocurrency on June 18 instead stole the show.
A Ripple-MoneyGram partnership announced on June 17 received relatively little recognition but may prove to be of comparable significance. These three developments set ...
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