FATF to Develop Common Rules For Exchanges

As reported, on June 24 members of the FATF will discuss the effectiveness of the rules, their applicability to new exchanges
13 June 2018   1431

The intergovernmental organization FATF (financial crimes task force), whose main activity is the fight against money laundering, plans to create a set of mandatory rules for crypto exchanges. This is reported by Reuters referring to the statement of an unnamed Japanese official.

According to the agency, on June 24 members of the FATF will discuss the effectiveness of the rules, their applicability to new exchanges and the principles of implementing requirements in countries where cryptocurrencies are banned.

At present, crypto exchanges are following optional recommendations, which imply the registration and disclosure of information about suspicious activity. At the same time, each state independently decides to what extent to regulate cryptocurrency companies.

Tthe government of Japan, which recognized bitcoin as legal tender in April 2017, intends to establish mandatory supranational regulations for the regulation of crypto exchanges no later than 2019.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   96

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."