Cryptocurrency firms to be subjected to rules, says global watchdog FATF

Cryptocurrency firms to be subjected to rules, says global watchdog FATF

A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson

Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector.

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