UK forcing AML regulations on cryptocurrency exchanges, ATMs, and open-source wallets

UK forcing AML regulations on cryptocurrency exchanges, ATMs, and open-source wallets

The UK’s Financial Conduct Authority is cracking down on cryptocurrency exchanges, ATMs, and open-source projects like wallet providers. These services will have to comply with anti-money laundering regulations by 2020, imposing banking-style controls over crypto in the nation. The bombshell came as part of the FCA’s newly released policy statement on cryptocurrency, “PS19/22: Guidance on …