FATF agrees on roadmap for implementation of crypto requirements

The Monetary Motion Process Drive, or FATF, has reported that its delegates have come to an settlement on an motion plan “to drive well timed international implementation” of worldwide requirements on cryptocurrencies.

In a Feb. 24 publication, the FATF says the plenary for the monetary watchdog — consisting of delegates from greater than 200 jurisdictions — met in Paris and reached a consensus on a roadmap geared toward strengthening the “implementation of FATF Requirements on digital belongings and digital asset service suppliers.” The duty pressure says that in 2024, it’s going to report on how FATF members have moved ahead on implementing the crypto requirements, together with regulation and supervision of VASPs.

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