FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force
Shyft Network is adding Huobi, Bitfinex and Tether to its crypto-focused anti-money laundering platform as the sector ramps up FATF compliance efforts.
The mainnet will host a “decentralized SWIFT” and look to connect DeFi pools without sacrificing composability.
Backed by BlockTower and others, the shyft token helps a decentralized network of exchanges comply with anti-money laundering rules.
Shyft’s Veriscope product now boasts some 35 crypto service providers including Binance, Bitfinex, Tether and Huobi.
Oasis Labs, creator of Oasis Protocol, appears to be looking to build an institution-friendly version of Ethereum's DeFi ecosystem.
From shorter consultations to insider comments, recent rumors about U.S. regulation of private crypto wallets have some compelling context.