US’s FinCEN and G20 Countries Could Adopt FATF’s Crypto Guidance

The Financial Action Task Force (FATF) has published guiding regulations on combating money laundering and financial terrorism using ‘’virtual assets’’.

FATF is an intergovernmental organization that develops policies to essentially tackle international money laundering as well as financial terrorism. As such, the regulations will aim at ensuring these issues are mitigated. Notably, FATF has 37 member countries who share a common interest in having regulations to streamline this sector.

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