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US Treasury Secretary Steven Mnuchin: Illicit Crypto Activities Will Not Be Tolerated
The G20’s Financial Action Task Force (FATF) is a powerful intergovernmental organization devoted to combating money laundering and terrorism financing. Recently, it released global standards for cryptocurrencies to better regulate the sector and thwart money laundering operations. The new standards introduced by the organization are supposed to help cryptocurrencies and crypto exchanges fight illegal activities carried out through them, although not everyone is happy about these new rigid standards. U.S. Treasury Secretary Steven Mnuchin offered…
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