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A quick analysis of FATF’s 2021 draft cryptocurrency guidance
The Financial Action Task Force (FATF) has released an updated draft of its “Guidance for a Risk-based Approach to Virtual Assets and Virtual Asset Service Providers (VASPs).” Several proposed changes...
How I Learned to Stop Worrying and Love Unhosted Wallets
Over the past year, governments around the world have expressed concern about the risks of illicit financial activities such as money laundering, terrorist financing, and the evasion of international sanctions...
Are regulators poised to demand cryptocurrency address whitelisting? Probably not.
Rumors are circulating that regulators will soon require exchanges to only allow cryptocurrency withdrawals to “whitelisted” addresses or, worse, that withdrawals to unhosted wallets won’t be allowed at all. These...
The upcoming FATF interpretive note is not doomsday for cryptocurrency
We've had a number of people ask us about the FATF interpretive note that will be coming out this year and how it may change anti-money laundering (AML) law with...