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The Monetary Motion Process Pressure, or FATF, reported its delegates had come to an settlement on an motion plan “to drive well timed world implementation” of worldwide requirements on cryptocurrencies.
In a Feb. 24 publication, the FATF stated the plenary for the monetary watchdog — consisting of delegates from greater than 200 jurisdictions — met in Paris and got here to a consensus on a roadmap geared toward strengthening “implementation of FATF Requirements on digital belongings and digital asset service suppliers”. In accordance with the duty power, in 2024 it’ll report on how FATF members have moved ahead on implementing the crypto requirements, which incorporates regulation and supervision of VASPs.
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