FATF: Most Countries Still Haven’t Implemented Anti-Money Laundering Crypto Regulatory Guidelines

Most countries regulated by the Financial Action Task Force (FATF) have yet to implement requirements for companies dealing with cryptocurrencies, according to Coindesk. in a review of crypto regulatory progress on Friday, the FATF said that 58 of 128 reporting jurisdictions have implemented the revised FATF standards so far. Of those, 52 are regulating virtual asset service providers (VASPs) and six are prohibiting the operation of VASPs.” In a press statement, the FATF said, “However, most jurisdictions have not yet implemented the FATF requirements, including the ‘travel rules.’ This is preventing further investment in necessary technology solutions and compliance infrastructure.”

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