Under a worldwide watchdog’s intentions to increase surveillance of virtual assets, nations that don’t enact anti-money laundering regulations for cryptocurrencies risk being added to a “grey list” that already includes Syria and Haiti. Two people with knowledge of the situation told Al Jazeera on Monday that the Financial Action Task Force (FATF) is getting ready to perform annual checks to make sure nations are following anti-money laundering and terrorism financing laws on crypto providers operating in their jurisdiction. According to one of the insiders, breaking the regulation would not always result in a country being placed on the greylist but would have an impact on its overall rating, perhaps bringing some jurisdictions considerably closer to the listing threshold.
