In just nine days,new rules by the Financial Action Task Force on Money Laundering (FATF) will force cryptocurrency businesses in roughly 200 countries to verify theidentities of anyone sending or receiving more than $1,000 worth of digital assets, effectively nullifying their pseudonymity. A number of US-based firms have responded by exploring the viability of a global parallel system that would allow the worlds cryptocurrency exchanges to share data in a bid to remain compliant, Bloomberg reports. Hedge funds and investment firms that specialize in digital assets could experience trading delays and increased costs for making transactions. Industry insiders have also… This story continues at The Next Web

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