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FATF’s New Guidelines Drop Next Week, Will Tackle Stablecoins, NFT & DeFi
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The Financial Action Task Force (FATF) will publish its updated guidelines on crypto sector policing next week – and will broaden its scope to include stablecoins, peer-to-peer (P2P) platforms, non-fungible tokens (NFTs), and decentralized finance (DeFi).
The body also wants to see evidence that countries are applying its much-maligned Travel Rule, a key anti-money laundering and counter-terrorism financing measure.
The FATF sought feedback from the sector ahead of a major overhaul of its 2019 crypto guidance, which focused heavily on what it terms Virtual Assets – tokens like bitcoin (BTC) – and Virtual Asset Service Providers (VASPs), namely crypto exchanges and wallet providers.
But the FATF has previously acknowledged that the guidelines
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