Former FATF Chairman: FATF cryptocurrency new rules or contrary

The Financial Action Task Force (FATF) will issue regulations on global cryptocurrency regulation this week. Roger Wilkins, former chairman of the FATF and former secretary of the Australian Department of Justice, believes that the industry generally feels that the new regulations may have the opposite effect as expected, forcing encrypted transactions out of the controlled platform, which is currently the best platform for viewing financial crimes. One. Wilkins said that as a former regulator, he recognized how important it is to define a balanced solution that implements the FATF recommendations and bring opportunities to the business.