FATF agrees on roadmap for implementation of crypto requirements

The Monetary Motion Activity Drive, or FATF, reported its delegates had come to an settlement on an motion plan “to drive well timed world implementation” of worldwide requirements on cryptocurrencies.

In a Feb. 24 publication, the FATF mentioned the plenary for the monetary watchdog — consisting of delegates from greater than 200 jurisdictions — met in Paris and got here to a consensus on a roadmap aimed toward strengthening “implementation of FATF Requirements on digital property and digital asset service suppliers”. In line with the duty power, in 2024 it would report on how FATF members have moved ahead on implementing the crypto requirements, which incorporates regulation and supervision of VASPs.

Proceed Studying on Coin Telegraph