The UK Government is in the process of implementing the Financial Action Task Force (FATF) Information Transfer Act for digital assets. According to the British Treasury, the law should be widely applied in the financial services industry, regardless of the technology used to facilitate transfers.
to the Report According to FATF standards, the source and recipient of remittances must be identified in accordance with FATF standards to prevent money laundering and terrorist financing.
The British Treasury Department said in a consultation document released on Thursday:
This law, regardless of the technology used to facilitate transfers, must be consistently applied in the financial services industry.
The document states that the existing regulations are not easily transferred to this sector due to the characteristics of digital currency and should be implemented.
According to the document, companies operating in the field of digital currency must establish appropriate systems to ensure the transfer and receipt of personal information of the sender and receiver of each transaction.
The document contains several proposals from the FATF. Among them is a plan that prohibits recipients from withdrawing more than بالای 1,000 if the information required for each transfer is not entered.
It should be noted that the results of these consultations must be announced by October 14 (October 22).