FATF to publish travel rule implementation report this month

06/18 02:12

According to The Block, the Financial Action Task Force (FATF) is gearing up to publish a report on how member nations are implementing its travel rule and emerging views on decentralized finance (DeFi). The body released its finalized crypto guidance in October of 2021, which included standards for virtual assets and virtual asset service providers (VASPs). The so-called travel rule would require businesses to collect and transmit originator and beneficiary information on both parties in a transaction. Since the passage of the standard last year, countries have been working to implement the standard and crypto firms have raced to present solutions. The FATF meets three times each year, during which it assesses risks, discusses potential guidance and tracks the progress of member nations' implementation of existing guidance. At this most recent set of meetings, the FATF discussed a "targeted update" on the implementation of VASP standards, preparing a report that focuses on travel rule implementation. It expects to publish the report at the end of June. In its summary, the FATF said that the report will highlight the progress made, but also point out that not all member-countries have rolled out regulations for travel rule compliance.
bullishbullishbullish5bearishbearishbearish2点赞分享
免责声明以上内容不代表火币任何立场不做为任何交易相关决策建议

相关阅读

  • Image

    BTC Market Pulse: Week 22

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns

  • Image

    Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests

全部评论0最新最热

avatar
最新最热

相关阅读

  • Image

    BTC Market Pulse: Week 22

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns

  • Image

    Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests