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  • Writer's pictureDeborah
    • Feb 28, 2023

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

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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

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