FATF updates cryptocurrency use control standards

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A group of development of financial measures to combat money laundering (FATF) will release a new manual for monitoring digital assets.

According to the statement of the international regulator, in 2021 will update its standards for crypto industry. New recommendations will be presented with an extended explanation of specific issues. In particular, the application of standards for stelkins, ways to comply with the rules of displacement for public and private sectors, ways to reduce the risks of the use of peer-to-peer networks.

FATF will also consider the public comments that have the updated version of the manual for digital assets.

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State regulators and private companies have achieved progress in this direction, but sent requests to additional explanation of the instructions to achieve a proper level of implementation.

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