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16.11 - 20:20
FATF Wants Countries to Get Serious About Crypto Regulation, Mentions NFTs, DeFi
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The Financial Action Task Force (FATF) is looking to ramp up the pressure on countries to adopt crypto regulations – and its updated guidance has made mention of non-fungible tokens (NFTs), decentralized finance (DeFi), peer-to-peer (P2P) trading, and stablecoins for the first time.
The FATF, which advises and polices governments’ anti-money laundering and counter-terrorism financing for G7, the Organisation for Economic Co-operation and Development, and other multi-national organizations, issued a landmark set of guidelines in 2019, including the much-maligned Travel Rule crypto exchange reporting protocol. In a document released today, the FATF said that it had updated and improved its guidelines to “incorporate and supersede the 2019
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