FATF updates guidance on crypto service providers, calls for public comments

FATF updates guidance on crypto service providers, calls for public comments

The Financial Action Task Force is looking to adapt its guidance standards for stablecoins and crypto peer-to-peer transactions. The Financial Action Task Force says it is set to publish an update to its guidelines on cryptocurrencies and virtual asset service providers; a catch-all term including exchanges, wallet providers, and custody platforms, among others.This updated document will also be made available for public consultation from key stakeholders.According to a circular issued by the FATF on Thursday, the decision to update its guidance on VASPs was the result of the....


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