top of page
  • Writer's pictureDeborah

On January 30, the Financial Action Task Force (FATF) released its Annual Report highlighting its priorities as well as ongoing work. Among the continuing projects was an updated guidance on how the FATF recommendations apply to virtual assets and virtual asset service providers (VASP) (see our article here).


Notable updates in the guidance:

  • Clarification of the definitions of virtual assets and VASPs

  • How the FATF Standards apply to stablecoins

Updates to the licensing and registration of VASPs

  • Additions to the implementation of the “travel rule”

  • Principles of information-sharing and co-operation

Recent Posts

See All

Product Corner - VAs : Quèsaco

Virtual Assets (VAs) or crypto assets refer to : “any digital representation of value that can be digitally traded, transferred or used for payment. It does not include digital representation of fiat

Upcoming Regulatory Deadlines to Watch

10 Aug 2023 - Deadline to submit comments to FCA Guidance Consultation (GC23/1) on crypto asset financial promotions. 5 Sep 2023 - Effective date of SEC Cybersecurity Risk Management, Strategy, Govern

Comments


bottom of page