Reuters: FATF to set first cryptocurrency rules by June 2019

Financial Action Task Force, the Paris-based global watchdog for money laundering, will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations. Jurisdictions worldwide will be required to license or regulate cryptocurrency exchanges and some firms providing encrypted wallets, to help stamp out the use of digital money for money laundering, terrorism financing or other crimes.

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