Blockchain and crypto payments have the potential to disrupt the exchange of money and to offer accessibility to the underbanked, but the new technology also opens the door for money launderers, terrorists, and other criminals to execute wire transfers for moving their funds under the radar. With a new proposal, the Financial Action Task Force is taking action to impose the standards of wire transfers on blockchain transactions. Serhii Mokhniev, Regulatory Affairs Counsel at CEX.IO joined Cheddar to discuss the key issues.