35 Countries, EU and FATF Agree to Revise Global Cryptocurrency Standards

Thirty-five countries and the European Commission have asked the Financial Action Task Force (FATF), responsible for setting global anti-money laundering (AML) policies, to revise its standards relating to cryptocurrencies. The organization promised to present its revised AML countermeasures for cryptocurrencies at the upcoming G20 meeting of finance ministers.

Source: 35 Countries, EU and FATF Agree to Revise Global Cryptocurrency Standards

ECB Unveils Instant Payment System, Claims It’s ‘Better’ than Blockchain

The post ECB Unveils Instant Payment System, Claims It’s ‘Better’ than Blockchain appeared first on CCN And from a central bank no less. The world is just recognizing the countless applications of blockchain technology, not to mention the speed, security and simplicity at which transactions can be completed, and Yves Mersch of Luxembourg has suggested he’s got something that can run circles around it.

Source: ECB Unveils Instant Payment System, Claims It’s ‘Better’ than Blockchain

Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange

The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services.

Source: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange