Monero Policy Working Group (MPWG)

Response to the Proposal for a Regulation of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing

Posted on November 2, 2021

The Monero Policy Working Group (MPWG) is a loose quorum of individuals attempting to engage in regulatory and policy conversations regarding cryptocurrency, blockchain and distributed ledger technologies. [Read More]

Tags: EU European Commission

Response to the public consultation on preventing money laundering and terrorist financing - EU rules on public-private partnerships (PPP)

Posted on August 20, 2021

On August 20, 2021, The Monero Policy Working Group (MPWG) submitted a comment to the European Commission on their initiative regarding EU anti-money laundering and rules on public-private partnerships (PPPs). [Read More]

Tags: EU European Commission

Response to FATF draft guidance on a risk-based approach to virtual assets and virtual asset service providers

Posted on April 19, 2021

On April 19, 2021, the Monero Policy Working Group (MPWG) responded to FATF draft guidance on a risk-based approach to virtual assets and virtual asset service providers. [Read More]

Tags: fatf vasp

Comment on FinCEN response

Why MPWG supports rule change

Posted on January 18, 2021

On December 18th 2020, the Financial Crimes Enforcement Network (FinCEN) issued a proposal for a new set of rules for certain digital currency transactions. More specifically, the rules set out to impose new reporting, recordkeeping, and identity verification requirements upon banks and Money Services Businesses (MSBs) for certain transactions involving... [Read More]

Tags: fincen unhosted

Response to FinCEN 2020-28437

The MPWG is generally in support of the changes with some reservations, clarifications, and requested amendments

Posted on January 4, 2021

The Monero Policy Working Group responded to FinCEN yesterday in general support of the proposed changes, while also suggesting some amendments. These changes will promote principles believed to be aligned with Monero. [Read More]

Tags: fincen unhosted