Financial Watchdog: Regulate Cryptocurrencies Now, or Else
The Financial Action Task Force said Friday that from next year it will start assessing whether countries are doing enough to fight criminal use of virtual currencies.
Countries that don’t could risk being effectively put on a “gray list” by the FATF, which can scare away investors.
Marshall Billingslea, an assistant
The FATF described how the
Financial regulators worldwide have struggled to deal with the rise of electronic alternatives to traditional money.