What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets

Posted on by American Coins & Gold

What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets
The Financial Action Task Force (FATF)’s long-awaited update to its guidance on virtual assets lays out a comprehensive set of guidelines to regulate the quickly evolving cryptocurrency space. With this update released, digital assets firms in the coming years are likely to encounter more clarity on anti-money-laundering and combatting the financing of terrorism (AML/CFT) regulations around the globe, even if some jurisdictions do opt for more restrictive policies than others.The intergovernmental body’s updated guidance should not surprise anyone who has been tracking regulator discussion on crypto illicit finance, but it does address topics that have faced great regulatory uncertainty, such…