FATF says it will release updated guidance for digital assets in June

The Financial Action Task Force (FATF) will be seeking public comment on updated guidance related to virtual assets. A  post-meeting statement from the international regulatory body recapped plans for the coming year, including its dealings with digital asset standards.

In June 2019, the FATF released guidance affecting cryptocurrency and digital assets. The most notable portion was the so-called "travel rule" which required virtual asset providers (VASPs) to provide originator and beneficiary information to one another during transactions. The heightened standards are aimed at curbing money laundering and illicit finance.

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