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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.

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