Financial Action Task Force Archives

IMF Says Making Bitcoin a National Currency is an ‘Inadvisable Shortcut’

July 27, 2021

As El Salvador is preparing to make bitcoin (BTC) legal tender this September, the International Monetary Fund (IMF) issued another warning, stressing that this move "is an inadvisable shortcut." While gover...

Tax Haven Citizenship Loophole for US Crypto Folk May Not Stay Open for Long

July 13, 2021

A Russian ex-pro sailor has been touting a tax haven investment program for American crypto traders who are looking for legal loopholes to help them escape paying capital gains tax on their profits. But the p...

Ukraine Will Start Tracking Crypto Transactions Over $1,200

January 29, 2020

Ukraine’s head of the Ministry of Finance, Oksana Makarova, has revealed the country is planning to start tracking cryptocurrency transactions above $1,200. Makarova revealed this in a recent interview with t...