{"id":556130,"date":"2023-02-24T20:00:00","date_gmt":"2023-02-24T17:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fatf-agrees-on-roadmap-for-implementation-of-crypto-standards\/"},"modified":"2023-02-24T20:00:00","modified_gmt":"2023-02-24T17:00:00","slug":"fatf-agrees-on-roadmap-for-implementation-of-crypto-standards","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fatf-agrees-on-roadmap-for-implementation-of-crypto-standards\/","title":{"rendered":"# FATF agrees on roadmap for implementation of crypto standards"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23b0713c4a6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23b0713c4a6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fatf-agrees-on-roadmap-for-implementation-of-crypto-standards\/#%E2%80%9D_FATF_agrees_on_roadmap_for_implementation_of_crypto_standards_%E2%80%9C\" >&#8221; FATF agrees on roadmap for implementation of crypto standards &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FATF_agrees_on_roadmap_for_implementation_of_crypto_standards_%E2%80%9C\"><\/span>&#8221; FATF agrees on roadmap for implementation of crypto standards &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvNTUwZGQxYzItYTNlNS00ZTE1LWJkYmEtNzhlMzYyNmY2ODQ0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan \u201cto drive timely global implementation\u201d of global standards on cryptocurrencies.<\/p>\n<p>In a Feb. 24 publication, the FATF <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fatf-gafi.org\/en\/publications\/Fatfgeneral\/outcomes-fatf-plenary-february-2023.html\">said<\/a> the plenary for the financial watchdog \u2014 consisting of delegates from more than 200 jurisdictions \u2014 met in Paris and came to a consensus on a roadmap aimed at strengthening \u201cimplementation of FATF Standards on virtual assets and virtual asset service providers\u201d. According to the task force, in 2024 it will report on how FATF members have moved forward on implementing the crypto standards, which includes regulation and supervision of VASPs.<\/p>\n<p>\u201cThe lack of regulation of virtual assets in many countries creates opportunities that criminals and terrorist financiers exploit,\u201d said the report. \u201cSince the FATF strengthened its Recommendation 15 in October 2018 to address virtual assets and virtual asset service providers, many countries have failed to implement these revised requirements, including the \u2018<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> rule\u2019 which requires obtaining, holding and transmitting originator and beneficiary information relating to virtual assets transactions.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The FATF plenary has concluded. Delegates of governments from around the world discussed a range of money laundering and terrorist financing issues. <\/p>\n<p>See the outcomes of the plenary here\u27a1\ufe0f <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/FdC6ILFNRW\">https:\/\/t.co\/FdC6ILFNRW<\/a><br \/><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FollowTheMoney?src=hash&amp;ref_src=twsrc%5Etfw\">#FollowTheMoney<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Ja0tLFrca5\">pic.twitter.com\/Ja0tLFrca5<\/a><\/p>\n<p>\u2014 FATF (@FATF<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FATFNews\/status\/1629078495681716231?ref_src=twsrc%5Etfw\">February 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Part of the FATF&#8217;s \u2018Travel Rule\u2019 includes recommendations that VASPs, financial institutions, and regulated entities in member jurisdictions obtain information on the originators and beneficiaries of certain virtual currency transactions. As of April 2022, the financial watchdog reported that many countries were not in compliance with its standards on Combating the Financing of Terrorism (CFT) and Anti-Money Laundering (AML).<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>AML and KYC: A catalyst for mainstream crypto adoption<\/em><\/strong><\/p>\n<p>Japan, South Korea and Singapore have been among the countries seemingly most willing to implement regulations in accordance with the travel rule. Some nations including Iran and North Korea have reportedly been placed on the FATF\u2019s \u2018grey list\u2019 for monitoring suspicious financial activity.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fatf-agrees-on-roadmap-for-implementation-of-crypto-standards\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FATF agrees on roadmap for implementation of crypto standards &#8220; The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan \u201cto drive timely global implementation\u201d of global standards on cryptocurrencies. In a Feb. 24 publication, the FATF said the plenary for the financial watchdog \u2014&#8230;<\/p>\n","protected":false},"author":1,"featured_media":556131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/550dd1c2-a3e5-4e15-bdba-78e3626f6844.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74859,74863,79096,70934,71471],"class_list":["post-556130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aml","tag-cryptocurrencies","tag-fatf","tag-regulation","tag-travel"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=556130"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/556131"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=556130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=556130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=556130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}