CipherTrace CEO: FATF new rules will push criminal activities to privacy

According to Cointelegraph, on October 21st, David Jevans, CEO of CipherTrace, a cryptotransaction traceability company, said in a panel discussion organized by the Digital Chamber of Commerce that the Financial Action Task Force (FATF) encryption regulations would shift criminal activity from bitcoin to privacy. currency. Jevans stressed that 95% of the criminal activities identified by CipherTrace actually use more popular cryptocurrencies, such as Bitcoin and Ethereum. However, once the FATF requires the exchange to collect global cryptocurrency regulations for the user's personal data, it will have unintended consequences, such as pushing criminal activities to private currencies such as Monero (XMR) and Dash (DASH).