✉️ Chainalysis: Some FATF recommendations would be harmful to crypto exchanges
Blockchain firm Chainanalysis issued a letter to UK regulator Financial Action Task Force (FATF) for recommendations on crypto exchanges' anti-money laundering (AML) and know your customer (KYC) laws. Chainanalysis argued for crypto exchanges to collect personal user information, but that registration or licensing for individuals is overburdensome on the market. If accepted, the letter could become part of FATF regulations by June.
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