[Analysis] Crypto exchanges are facing their biggest regulatory hurdle yet - Olga Kharif
The coming Financial Authority Task Force (FATF) measures will force an entire restructuring of the current system or the creation of a new parallel system, according to Bittrex's John Roth. The FATF rules force crypto merchants of all stripes to collect identification for transactions over $1,000 or risk being blackballed from the global financial system. Most crypto exes believe transactions will merely be pushed offline. Crypto exchange Kraken is exploring options to adopt the FATF guidelines, but told Bloomberg "this is a case of trying to apply 20th-century rules to 21st-century technology."
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