As cryptocurrency adoption steadily increases and finds itself crossing paths with the traditional finance world, regulators are now becoming involved, so much so that the Financial Action Task Force (FATF) published guidance on how its 37 members should regulate cryptocurrency exchanges. While many in the industry welcome regulatory oversight, one piece of guidance -- Recommendation 16 -- has caused significant controversy. The so-called travel rule requires “obligations to obtain, hold and transmit required originator and beneficiary information in order to identify and report suspicious transactions, monitor the ... (full story)