FATF planning to require cryptocurrency exchanges to comply with AML/CTF regulations, top 5 cryptocurrency price changes, and more!
FATF Planning to Require Cryptocurrency Exchanges to Comply with International AML and CTF Standards
The Financial Action Task Force (FATF), an international financial authority, will collaborate with Japan, the second largest cryptocurrency market behind the U.S., to introduce unified cryptocurrency regulations by the end of 2018. According to CryptoSlate, FATF is aiming to require leading cryptocurrency exchanges in leading markets to comply with international AML and CTF standards. FATF oversees 37 countries established by the G7, such as Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
Former Denver Post Employees to Launch Blockchain-Based News Outlet
Larry Ryckman, a former senior editor at the Denver Post has assembled a team of five former employees — Kevin Simpson, John Ingold, Tamara Chuang, Jennifer Brown, and Jason Blevins — and two senior editors, Eric Lubbers and Dana Coffield to create their own news outlet, The Colorado Sun. According to the New York Times, the outlet is aiming to use blockchain technology and cryptocurrency economics to start 1,000 publications across the U.S. by the end of 2018. Expenses for the new blockchain-based outlet will be covered by a grant from Civil.
CrytpoKitties Transaction Down 98.4 Percent from December 2017
As reported by Gizmodo, the number of transactions on the CryptoKitties platform has decreased drastically over the last 3 months. The number of transactions decreased by 98.4% in June 2018 compared to its peak traffic back in December 2017. In March 2018, venture investors put an additional USD 12 million into CryptoKitties after users had already put millions of dollars into the network by buying and trading their digital cats.