Crypto Firms Can't Outrun the Travel Rule

Posted on by American Coins & Gold

Crypto Firms Can't Outrun the Travel Rule
Virtual assets are expanding to almost every corner of the globe, introducing new opportunities and risks for investors, businesses and entrepreneurs. From the start, the crypto industry set out to challenge the rules of finance. By cutting out the middlemen, such as banks or credit card companies, blockchain technology offered the potential for users to quickly transfer value across the world.Marcus Pleyer, deputy director general in Germany’s Federal Ministry of Finance of Germany, assumed the position of president of the Financial Action Task Force (FATF) in July 2020.Its innovative features – and huge shifts in price – have led to…