Final week, nearly all key digital asset markets in Asia obtained updates from native regulators. Japanese lawmakers determined to apply stricter anti-money laundering measures to hint cryptocurrency transactions beginning June 1.
Reportedly, a key characteristic of the brand new measures is the appliance of the “Journey Rule” to maintain a extra correct file of the proceeds of crime. This requires any monetary establishment processing a crypto switch over $3,000 to move buyer info to the receiving alternate or establishment. The info ought to embrace the sender’s and recipient’s identify and tackle and account info.
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