News+

Coinbase and other crypto exchanges are designing a P2P system for sharing user info under FATF rules

Quick Take

  • A working group including U.S. crypto exchanges is working on a joint solution for complying with Financial Action Task Force rules on sharing customer information.
  • The effort is said to have been begun by Coinbase, resulting in a plan to exchange data via a peer-to-peer “bulletin board.”
  • A white paper on the proposed solution will be published in the coming weeks, according to Coinbase.
An effort is underway that has brought together U.S. crypto exchanges to design a collective solution for complying with Financial Action Task Force (FATF) rules on sharing customer data.

Subscribe to The Block News+ to
Unlock this Feature

Annual

$
per year
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Exchanges
Regulation

Trending Stories

More