fatf guidance

Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation

<div class=”featured_image_container”> </div> <strong>Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.”</strong> Carstens …

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New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs

<div class=”featured_image_container”> </div> <strong>On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets.</strong> FATF Defines Decentralized Exchanges and Defi as a Virtual Asset Service Providers …

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