This October, the Financial Action Task Force (FATF), the global anti-money laundering watchdog, is expected to adopt sweeping updates to its guidance on virtual assets and virtual asset service providers (VASPs). The FATF’s guidance will have a profound and widespread impact on the shape of regulation facing the crypto industry. Any business operating in the crypto space needs … [Read more...] about [SPONSORED] Getting Ready for The FATF’s Upcoming Virtual Asset Guidance
FATFs
What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets
FATF warns regulators to not blindly accept the crypto industry marketing that loosely calls various platforms “decentralized.” In function, these platforms typically have a natural, if not legal, person somewhere who controls or influences their activities. The term “controls or influences” is key and offers a framework to analyze who should be the entity obliged to follow … [Read more...] about What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets